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🪙BTC UPDATE

Bitcoin is the following the actual (most recent)
plan with the descending channel breakdown.

As I said in the previous update, the market deeply needed this dump to gather liquidity and liquidate needless longs.

I believe this is not the end of the dump, we can still touch $55,900 and proceed even further (deeper).

⛔️ However, Bitcoin should not linger below $60,000 for a long time. It will be a sign of low demand from buyer side.

As for now, everything that happens is healthy and good for the market.

Here we are doing market analytics, IDO and ICO tips
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Adjusted by 22.8% from the last post about TON, I hope you at least listened.

Technically,
I think the situation unfolding on the chart is no different from DOGE reaching the $0.7 mark. I don't see how this could turn in favor of TON. Most likely, it will continue to correct with minor rebounds until accumulation occurs again, although this doesn't always save it, in general. Pity for the late longs.

A simple market rule to remember and keep in mind, despite the euphoria: buy on rumors, and sell on news.

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