BTC news: Bitcoin is looking for support near $77K and hovering close to a 100-day high, making a lot of people nervous. Don’t be too quick to trust this “support.” Remember March 2024? Everyone was cheering as BTC broke its $73K ATH, funding rates were glowing green, and euphoria was at its peak. The result? Market makers unloaded heavily, and the market plunged 18% in a week, wiping out retail traders who bought the top. Today, with BTC again near the highs and Bitget’s CEO saying prices will hold this year, this is exactly the kind of setup that tempts newcomers into believing “this time is different.” But history never repeats itself word for word—it only rhymes.
Smart money is using this neutral news to shake out weak hands before choosing a direction. The price is moving sideways between $76K and $79K, creating a false sense of security. If you’re planning to go Long right now, you’re jumping into a death trap because market makers need liquidity from Buy stop orders placed too high. My game plan is clear: wait for a decisive breakout above $81K, backed by massive volume. Only then will FOMO be an ally rather than a killer. On the other hand, if BTC breaks below $75K, cut your losses or Short immediately, because the short-term trend structure will have broken down. Don’t try to catch the bottom while the crowd is still being manipulated by shallow positive sentiment.
$BTC #BinanceSquare #CryptoNews #Bitcoin
Smart money is using this neutral news to shake out weak hands before choosing a direction. The price is moving sideways between $76K and $79K, creating a false sense of security. If you’re planning to go Long right now, you’re jumping into a death trap because market makers need liquidity from Buy stop orders placed too high. My game plan is clear: wait for a decisive breakout above $81K, backed by massive volume. Only then will FOMO be an ally rather than a killer. On the other hand, if BTC breaks below $75K, cut your losses or Short immediately, because the short-term trend structure will have broken down. Don’t try to catch the bottom while the crowd is still being manipulated by shallow positive sentiment.
$BTC #BinanceSquare #CryptoNews #Bitcoin