đšWARNING: BITCOIN'S BIGGEST BULL TRAP IS ALMOST HERE!
We have formed pretty textbook toping structure that last three times results in ~30% dump
Right now it will get us to $54K
That's exactly where macro bottom must hit according to my plan:
$77K -> $82K -> $70K -> $60K -> $54K macro bottom
The similarities with the previous cycle are getting harder to ignore
$BTC is again struggling around the 50W MA after a huge relief rally from the lows
We already pushed back into the upper part of the structure, flipped sentiment bullish and made everyone believe the worst is over
But we still have no real capitulation, no extreme fear and no confirmed macro bottom
And macro can make this final leg even more aggressive
If recession fears start hitting markets while financial conditions remain tight, risk assets like BTC will be one of the first places where liquidity gets pulled
That would fit perfectly with the final capitulation event Iâm still waiting for
Cycle timing also still gives us room for one final leg lower
Once this bounce fails, I expect BTC to rotate back through $70K and start attacking the liquidity sitting around the previous lows
Below $60K is where the real panic should finally begin
And that final flush into ~$54K is still where I expect this bear market to end
Remember that I am posting news daily and monitoring each major macro event to post and warn you
So make sure to follow me and turn notifs on
#BTCè”°ćżćæ
We have formed pretty textbook toping structure that last three times results in ~30% dump
Right now it will get us to $54K
That's exactly where macro bottom must hit according to my plan:
$77K -> $82K -> $70K -> $60K -> $54K macro bottom
The similarities with the previous cycle are getting harder to ignore
$BTC is again struggling around the 50W MA after a huge relief rally from the lows
We already pushed back into the upper part of the structure, flipped sentiment bullish and made everyone believe the worst is over
But we still have no real capitulation, no extreme fear and no confirmed macro bottom
And macro can make this final leg even more aggressive
If recession fears start hitting markets while financial conditions remain tight, risk assets like BTC will be one of the first places where liquidity gets pulled
That would fit perfectly with the final capitulation event Iâm still waiting for
Cycle timing also still gives us room for one final leg lower
Once this bounce fails, I expect BTC to rotate back through $70K and start attacking the liquidity sitting around the previous lows
Below $60K is where the real panic should finally begin
And that final flush into ~$54K is still where I expect this bear market to end
Remember that I am posting news daily and monitoring each major macro event to post and warn you
So make sure to follow me and turn notifs on
#BTCè”°ćżćæ
