BTC Faces Strong Rejection! Weekend Volatility Ahead?
GM, for the candle close on the 5th, there was a strong rejection from the orange zone area 56507 - 53046, as I mentioned previously. The Fear and Greed index is at 26 (fear), and the Stoch RSI is entering the oversold area.
We are now entering the weekend, where the market typically has low volume. BTC's price action suggests a potential further decline, possibly sideways within the orange zone 56507 - 53046, but a retest to 57K++ is also possible.
As long as the Fear and Greed index is in the fear zone, it's a good time to accumulate BTC. But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
We are now entering the weekend, where the market typically has low volume. BTC's price action suggests a potential further decline, possibly sideways within the orange zone 56507 - 53046, but a retest to 57K++ is also possible.
As long as the Fear and Greed index is in the fear zone, it's a good time to accumulate BTC. But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
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