Keep an eye on #Bitcoin at $58.8k folks.
That would be the level where the market risks transitioning into being Top Heavy.
Full analysis 👇

As Bitcoin prices correct off the $73k ATH, several onchain metrics signalled major profit taking is underway. We assess whether the market is now top heavy enough to establish a global cycle peak.

Is The Bitcoin Market Top Heavy?

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According to market data, BTC has broken through $63,000 and is currently trading at $63,020, with a daily decline narrowing to 0.07%. The market is volatile, please be prepared for risk control.

BTC breaks through $63,000

Bitcoinhas lost all the gains it made last Saturday, now trading under the critical $60,000 level as of this Wednesday morning. Following a short-lived rise above $64,000 earlier today, it tumbled dow...

Why Bitcoin Price dropped below $60K ? Will BTC Price Plunge to $55K This Weekend ?

In the past two days, BTC has plummeted along with other cryptocurrencies. Investors who have cross margin invested in the market have suffered heavy losses.
However, the legendary trader GCR was like a fire in the winter, warming the BTC bulls. In the dark night of public panic, on April 14, he tweeted to tell everyone.
“Don’t surrender! Fortunes always flow from leveraged traders to spot buyers.”
My goodness, this is like a battle cry of BTC, inspiring the bulls of BTC and cryptocurrencies to hold their ground, become the “night defenders” of BTC, and add positions with full passion.
[The 300 Spartans were so strong, true...