- This pump is impressive but much of the move is likely to be short-term speculation, stop hunts, or even manipulation. Usually, such parabolic moves see a retrace before continuation. - I expect a cooldown or pullback toward the 0.0341–0.0318 area. If price holds that zone and forms a bullish reversal pattern, a long can be considered with a target of 0.0370 and 0.0400+. Confirmation needed: look for pin bars, engulfing candles, or low timeframe trend reversals. - If price breaks and closes firmly below 0.0318 (especially below 0.0306), the move risks being a bull trap, and bears may take control targeting 0.0278 or even 0.0253. - For now, do NOT chase the pump. Wait for a retrace and confirmation before considering longs. If price consolidates above 0.0370 with strong volume, this could signal another breakout, but only enter on a fresh confirmation. - If lower timeframe reversal patterns appear at the 0.0318–0.0341 support, that is the ideal spot to look for a long. If price just continues dropping, step aside and wait for stability.
📝 This is not investment advice, just an educational analysis of the current situation. 🚦 Be careful around volume anomalies—they often precede volatility and traps! Wait for confirmation before taking a position.
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I absolutely refuse to believe that $BTC bottomed at $60K.
Purely based on cycles, math, historical price action.
Every bear cycle has revisited/swept its previous low before pushing higher which means sweeping 60K within the next few months is still very plausible based on historical data.
Do I believe this time is different? No. The same people who thought that at 120K ended up rekt.
So Im going to stick with history & History shows that bottoming within 123 days is absurd.
I nailed a full year of PA by studying history, not by forcing skeptical theses that ignored it. Markets leave patterns.
This is the relief bounce to get people to question whether the bottom is in or not.