$BTC This week closed below the 200 moving average.
But as I said before, my view remains the same.
We will not print a new lower low.
Yes, we may retest the 60K level again.
But this level must hold.
Why did the price move below the 200 MA?
Because there were a lot of stops sitting there.
Newly opened longs mostly placed their stops below that moving average.
And the market maker decided to collect those longs.
If someone shows you PnL with million-dollar profits, do not believe them.
In most cases it is either advertising like with MMcrypto, or demo accounts.
The market maker sees all your p