@IgorBelykh 20 May 2022 more from that month

The price of bitcoin has been drawing red candles for the 8th week. If we look at history, there has not yet been an 8 week red candle. For more than a month and a half, the price has been in a constant, protracted decline, and on May 12, it eventually collapsed to $26,750. To date, the price has already increased by 5% and draws good candles that add optimism for the near future. Let me remind you that the price should overcome the resistance level at $30,000-$31,000 and consolidate to move further to $34,000-$35,000. - another decline beyond the level of $27,000, up to the level of $24,000, may be drawn. But in my opinion, we should not see such a decline in the coming days. And a more likely scenario would be a local growth towards the previously designated zones: $34,000-$35,000. Also, a positive signal is the abnormal number of Longs, which has not decreased at all over these couple of days, despite the fact that the number of Shorts has decreased. There was also a slight recovery in the Fear and Greed Index, from a record mark of 8, the indicator rose to a mark of 13.