Bitcoin has slightly decreased without any special movements.
Currently, there seem to be no dominant forces, and Bitcoin’s movements are very straightforward. Even on the one-hour chart, it adheres well to the resistance and support lines, and the waveform movements are also very honest.
Typically, Bitcoin’s movements involve many sudden variables, making it challenging, but its current behavior is almost exemplary.
We will have to wait and see if this is a fundamental movement due to the ETF listing. The hourly, daily, and weekly charts are all straightforward.
On the other hand, it’s a bit scary.
The trading volume has slightly increased, and if this trend continues, leading to a significant drop, it might be necessary to consider trading Bitcoin itself in the future.
The current lower support line is at $59,000 and the upper resistance line is at $65,000. It might be good to take a break from trading as it could move in any direction.
It’s uncertain whether there will be a sudden exceptional spike amidst the lackluster movement, or if it will honestly go downwards. If this were the typical behavior of the coin, it would always show an exceptional appearance with many variables, but these days, it’s just showing honest movements, which is confusing.
Or maybe everyone went out to play because the May weather is nice.
The outlook for the next 24 hours is hard to predict.
