If you're still expecting a single news event to suddenly push $BTC above $83K, stop now.
This FOMO buying on every rumor has left too many traders underwater. They miss the real exit signals and get caught in the ongoing downtrend.
Some see the latest news as a reason to go all in, believing it can invalidate the bearish setup overnight. I disagree with that.
Price is currently trading far below the level that needs to be reclaimed in order to invalidate bearish structure. A lone event will not suddenly lift $BTC above $83K.
$ETH is mirroring the same pattern and $SOL has failed to break out independently. Charts over headlines in this environment.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #MarketAnalysis
This FOMO buying on every rumor has left too many traders underwater. They miss the real exit signals and get caught in the ongoing downtrend.
Some see the latest news as a reason to go all in, believing it can invalidate the bearish setup overnight. I disagree with that.
Price is currently trading far below the level that needs to be reclaimed in order to invalidate bearish structure. A lone event will not suddenly lift $BTC above $83K.
$ETH is mirroring the same pattern and $SOL has failed to break out independently. Charts over headlines in this environment.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #MarketAnalysis
