Are you still not satisfied in your previous thread? It seems you are still asking if the price is going to drop or not. Don't expect much on weekends because the volume is weak. We should wait until Monday, between the NY sessions where most of the traders are online. For now, I am neutral here since the price was rejected 3 times in the past week, but the buy volume is still high while the sell volume is weak. If Monday shows more buying volume, the market is likely going to break the $80k level, but if not and no one supports it, expect the price to drop. Good point. Do you think the current buy volume is strong enough to break it, or still not convincing yet? The market is attempting to break through the current resistance, but as you can see, they are slowly eating liquidity while squeezing the price. We are still in the critical zone, retracement level, or golden zone of the bearish Fibonacci series. Since March, the $80k level has been my target retracement level; if the price continues to squeeze, it will most likely manipulate its way closer to the golden zone until $83k, but this price is my 61.8% golden zone resistance level if the price rises above $80k. So, as traders, we're in a tight spot, and going long is risky. I might wait for the golden zone area to be broken and then use it as a strong support . And in terms of volume, it is not convincing yet, and there has recently been a lot of selling volume, which is a bad sign for the start of this week.
Are you still not satisfied in your previous thread? It seems you are still asking if the price is going to drop or not. Don't expect much on weekends because the volume is weak. We should wait until Monday, between the NY sessions where most of the traders are online. For now, I am neutral here since the price was rejected 3 times in the past week, but the buy volume is still high while the sell volume is weak. If Monday shows more buying volume, the market is likely going to break the $80k level, but if not and no one supports it, expect the price to drop. Good point. Do you think the current buy volume is strong enough to break it, or still not convincing yet? The market is attempting to break through the current resistance, but as you can see, they are slowly eating liquidity while squeezing the price. We are still in the critical zone, retracement level, or golden zone of the bearish Fibonacci series. Since March, the $80k level has been my target retracement level; if the price continues to squeeze, it will most likely manipulate its way closer to the golden zone until $83k, but this price is my 61.8% golden zone resistance level if the price rises above $80k. So, as traders, we're in a tight spot, and going long is risky. I might wait for the golden zone area to be broken and then use it as a strong support . And in terms of volume, it is not convincing yet, and there has recently been a lot of selling volume, which is a bad sign for the start of this week.

Are you still not satisfied in your previous thread? It seems you are still asking if the price is going to drop or not. Don't expect much on weekends because the volume is weak. We should wait until Monday, between the NY sessions where most of the traders are online. For now, I am neutral here since the price was rejected 3 times in the past week, but the buy volume is still high while the sell volume is weak. If Monday shows more buying volume, the market is likely going to break the $80k level, but if not and no one supports it, expect the price to drop. Good point. Do you think the current buy volume is strong enough to break it, or still not convincing yet? The market is attempting to break through the current resistance, but as you can see, they are slowly eating liquidity while squeezing the price. We are still in the critical zone, retracement level, or golden zone of the bearish Fibonacci series. Since March, the $80k level has been my target retracement level; if the price continues to squeeze, it will most likely manipulate its way closer to the golden zone until $83k, but this price is my 61.8% golden zone resistance level if the price rises above $80k. So, as traders, we're in a tight spot, and going long is risky. I might wait for the golden zone area to be broken and then use it as a strong support . And in terms of volume, it is not convincing yet, and there has recently been a lot of selling volume, which is a bad sign for the start of this week.

Are you still not satisfied in your previous thread? It seems you are still asking if the price is going to drop or not. Don't expect much on weekends because the volume is weak. We should wait until Monday, between the NY sessions where most of the traders are online. For now, I am neutral here since the price was rejected 3 times in the past week, but the buy volume is still high while the sell volume is weak. If Monday shows more buying volume, the market is likely going to break the $80k level, but if not and no one supports it, expect the price to drop. Good point. Do you think the current buy volume is strong enough to break it, or still not convincing yet? The market is attempting to break through the current resistance, but as you can see, they are slowly eating liquidity while squeezing the price. We are still in the critical zone, retracement level, or golden zone of the bearish Fibonacci series. Since March, the $80k level has been my target retracement level; if the price continues to squeeze, it will most likely manipulate its way closer to the golden zone until $83k, but this price is my 61.8% golden zone resistance level if the price rises above $80k. So, as traders, we're in a tight spot, and going long is risky. I might wait for the golden zone area to be broken and then use it as a strong support . And in terms of volume, it is not convincing yet, and there has recently been a lot of selling volume, which is a bad sign for the start of this week.