everyone thinks $BTC is ready to moon now that we are pushing up, but actually we are walking straight into a classic bull trap. most retail traders are already fomo buying this pump, only to get caught holding the bag when the market suddenly reverses. it is the easiest way to wipe out your capital before the real run even starts.
looking at the chart, we are approaching a massive test at the $66k level. this is major resistance, and the bearish thesis is not dead yet ser. if we get rejected here, it is going to trigger a nasty correction.
a clean rejection at $66k opens the door for a drop back below $60k, which will drag down $ETH and the rest of the market with it. smart money is sitting on hands right now waiting to see if we actually flip this level or just wick through it to hunt liquidity.
are you buying this pump or waiting for the pullback?
#bitcoin #cryptotrading #marketupdate
looking at the chart, we are approaching a massive test at the $66k level. this is major resistance, and the bearish thesis is not dead yet ser. if we get rejected here, it is going to trigger a nasty correction.
a clean rejection at $66k opens the door for a drop back below $60k, which will drag down $ETH and the rest of the market with it. smart money is sitting on hands right now waiting to see if we actually flip this level or just wick through it to hunt liquidity.
are you buying this pump or waiting for the pullback?
#bitcoin #cryptotrading #marketupdate