$BTC /USDT Trading Signal - Bears Eyeing the Next Drop! 🚨
Market Insight: BTC is losing steam fast! After a sharp drop, we’re eyeing a weak pullback to the $98,379-$99,000 resistance zone. If the bulls can’t break above, it’s the perfect setup for a short. Get ready to catch the next wave down!
Observation: Bulls are struggling, and BTC is flirting with the $98K zone. A rejection around $98,300-$98,700 signals the bears are back in charge! Watch for a drop to $96,551 if momentum holds. Keep an eye out for the bounce—failure to reclaim $99K will seal the deal for the downtrend.
Market sentiment is historically always Bullish after the US election.
If Donald Trump wins the election then you might see one of the biggest rallies of all time.
On the other hand, If Kamala wins then you might not see a great rally in a shorter time frame. But trust me, the economy will not fall even after Kamala wins.
You will get the upside rally either too fast or slowly but steady. So, don't sell and quit the market even Donald Trump doesn’t win the election.
You will only bearish when BTC will lose 57K on a Daily Time Frame.
** Note: Always try to trade on bigger coins like BTC and Eth.
Around 60K should be the last Stop. After that we might go up and break ATH (All time high).
In case, we break 59K, we might go very down. Then you should be bearish. Before that, don't be bearish! (A very bad scenario. I don’t think it will happen.)
So, start buying in the spot all the coins that have good potential. (Don't go all in)
I know it's kinda disappointing. But BTC broke 67K level and it's around 65K now.
The next target could be around 63K level. Depending on the news (Fundamental) it can go down up to 60K. (Final Destination)
So you have to be careful this time. Sometimes no trade is the best option. Especially Future Trade.
But you should buy in the Spot. Like, you can buy 10-20% in the Spot for now. If BTC goes down to 63K level then buy 20-30% more. Finally, 30-50% more if BTC goes down to 60K level.