cryptofamily

Bitcoin entry into the FOMO zone

◼️ This means that many traders are starting to buy cryptocurrencies against the background of rising prices
In such situations, the price may temporarily rise to high levels, but then a correction will follow
◼️ This is especially true for traders with high leverage, who can be eliminated during sharp price declines.
◼️ The open interest index (OI) continues to grow, which indicates an increase in the volume of open positions in the market
This may indicate growing activity, but also the possibility of a short-term correction.
◼️ The current resistance level for bitcoin is in the range of 65-66K dollars - this is the zone where a temporary pullback may occur
◼️ After the correction, bitcoin is likely to continue to grow, giving investors more opportunities to buy on pullbacks. 

Have you ever experienced a feeling of FOMO???

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