$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 positions.
And he will never allow heavily leveraged million-dollar longs to survive.
Remember that.
Pain in crypto will likely continue until the end of this quarter.
From April, I expect the market to revive.
Trump has midterm elections in November.
He will try to restore confidence among crypto investors.
This year will be interesting.
Protect yourself and your portfolio.
And every morning repeat: I am already rich.
My portfolio: $TEL $TIA $APT $AVAX $ETHFI $LDO $OP $ETH $ONDO $ENA $MANTA $ALGO $ZK $XNO
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