Yesterday's hike to $BTC $72k wonderfully "shaved" the shorts before the week opened, but now the picture is changing. I saw a large volume (70mil.) last night, but I didn't manage to write about it; it was quickly traded.

It is clearly visible on the chart that support at $68k is weakening, and the main limit buy orders have shifted to around $65,000.

I support my thoughts with data from Arkham: large wallets started massively depositing $ETH and $BTC on the exchange (we see transactions of $10–30 million).

Usually, such "deposits" from whales precede a sell-off.

My plan: I am watching the reaction at $68k. If we break through — I will buy lower, at the level of $65k. The main thing is a cool head and absence of FOMO.

This is not financial advice, just my observations.

#Write2Earn #BTC #BitcoinAnalysis #OrderBook #CryptoTrading

BTC

66,118.42

-1.79%

ETH

1,937.06

-0.64%