$BTC: warning

6 hari lalu

📉 BTC Chart Tells a Different Story Than Social Media
Bitcoin whales seem desperate to lure retail investors into BTC, but the charts paint a different picture—one that looks more like a warning signal than a buying opportunity.

🚨 Key Observations
🔴 Rejected at 98K SIX times – The dream of a pump to 100K+ is fading fast.
🔴 Rejected twice at 97.2K – Further signs of weakness.
🔴 Failed support at 96.7K – Old supports are now turning into resistance.

📊 Technical Breakdown
✅ Daily Chart: Shows bullish momentum, but price action cancels it as sellers take profits.
❌ Weekly Chart: Bearish and confirmed—this trend is playing out now. (Check my weekly bearish trend warning here: 🔗 TradingView Link)

📉 Support Levels to Watch
🔻 95.7K, 95K, 93.3K, and 92.4K
🔻 BTC should not drop below 91K without a strong bounce.

🕰️ A Look Back: I Warned About This
📌 December 17, 2024: I called the market top—it seemed crazy then, not so crazy now. 🔗 TradingView Link
📌 November 25, 2024: I warned about this bearish consolidation, and it’s playing out exactly as expected. 🔗 TradingView Link

🔮 Where is the Bottom?
📍 I still believe 85K is the likely bottom of this consolidation. Charts don’t lie—math always plays out in the long run. Of course everything can happen, I am talking about probabilities.

❓ Is This the End of the Bull Market?
🤔 No clear answer. However, ETFs have changed Bitcoin’s cycle. Instead of a classic bear market, I expect:
🔹 1-month pumps 🚀
🔹 Followed by 5-month consolidations 📉 (-30% corrections)

Conclusion: We are chopping sideways, much like we did from June to October 2024. The probability of seeing 85K is high. Be cautious and trade smart. 🧐📊
The bull market will resume around May 2025.

kelmarin

Dagangan ditutup: sasaran tercapai

So we reached our 3 first targets down to 93k. Mission accomplished.