Posteo

Over the weekend, $BTC pulled up to 79300 and then continued to decline, essentially a false breakout caused by low liquidity: institutions and market makers left the market over the weekend, and the order book depth was 30%–40% thinner than on weekdays. A small amount of capital could push the price to resistance levels, creating a "breakout" illusion, but lacking real buying support. #DailyOrbit