Who are the resistance?

[8289190]

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

[Paul Anscombe]

8289190:

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

They didn’t buy at 69000

[Rajesh Kumar Nait]

8289190:

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

In the crypto market, there are not only investors, There are

1.HFT Traders trading in seconds or tick chart.

2. Scalpers trading 1 min chart

3. Day traders trading 5 or 15min chart

4. Swing traders trading 30min to H4 chart

Your question is related to investors who watch weekly chart and waiting $70000. Since they may have a week time to reach $70k, A swing trader may benefit by dumping in this case and make profit.

[Conor Mcnamara]

do you realize how risky crypto really is when there are billionaire whales who have been holding for some time? They do anything they want

[Ryan Woodward]

USD yields 5.5%. BTC yields nothing. That's the demand for USD at the highs. 

[Kristian Kafarov]

8289190:

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

You can try to find the answer on these liquidation heatmaps but I'm really not sure if this knowledge (who they are) will help you to earn money somehow...

https://www.coinglass.com/pro/futures/LiquidationHeatMap?

[Nardus Van Staden]

8289190:

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

You are searching for things that aren't there. Market makers control how the market participants/players operate, not the other way around. They know what you know, they know where you will enter, because they orchestrated it to be that way. You need to learn to do everything the opposite. Find supply and demand price, work out the average, enter at next break. Don't get caught in the bull and bear traps. Support and resistance will send you right in there.

[Evren Caglar]

8289190:

If BTC/USD has support at $68,000 and resistance at $70,000, what type of group or person would keep dumping at $70,000 when they make very little profit from a buy at $69,000?

It is institutions, experienced trades and professional trades -who trade with big lots and trade with level to level.

[Arthur Hounsell]

Conor Mcnamara #:
do you realize how risky crypto really is when there are billionaire whales who have been holding for some time? They do anything they want

You are right that billionaires do have a great deal of power, even though I also think that the general public has some control over it. Not to mention, most of them are corporations with a great deal of influence; Binance is one such example.