🚨URGENT! MUST READ.🚨

🚨#Bitcoin is about to DUMP.🚨

First off, this dump is not related to Mt. Gox. This was inevitable since we're too overbought on the daily chart.

1D: #BTC is currently getting rejected at the mid-range, which aligns with the 0.618 fib level. After a downtrend, we often see a dead cat bounce where the price retraces to the 0.618 fib level before dumping again. To invalidate this, we need to flip the 72k level into support. Also, $BTC hasn't retested the 20 EMA since breaking out of it in early June. A retest will happen sooner or later. The levels of the dump are marked in the 4H chart.

4H: Bitcoin has completed 5 waves up on the 4-hour time frame and is heading for an ABC correction. I believe the C wave bottom will be between the 0.618 and 0.5 Golden Fib zones, aligning with the 20 EMA retest on the daily. I've drawn in yellow what I expect the ABC correction to look like.

For the most bearish scenario, if we lose the July 8 low, we're technically targeting the 1.272 Fib level at $51,450. A deeper retracement could hit the 1.618 Fib level at $48,054.

Thanks for reading, stay safe. 🤝🏻

AD: If you're interested in learning technical analysis like I do, feel free to send me a DM or comment below, and I'll reach out to you.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.#Megadrop #BinanceTournament #BinanceTurns7 #MtGoxJulyRepayments #SOFR_Spike