BITCOIN: MY BEARISH PLAN REMAINS UNCHANGED. đ
I'm still bearish on Bitcoin until we see a move toward the $80Kâ$78K zone. I cannot turn bullish at the top of the market. For me, every pump is another potential shorting opportunity.
Let's look at the bigger picture.
- đșđž The possibility of further US interest rate hikes remains on the table.
- đŻđ” Japan has also raised interest rates.
- The Crypto Clarity Act failed to advance.
- US 10-year and 30-year bond yields have been rising.
- Stock markets are trading near their peaks.
Now, take a look at both charts. đ
The current Bitcoin chart is showing a market structure that reminds me of the 2023 setup. Back then, we witnessed expansion, accumulation, manipulation, distribution, and eventually a major dump toward the FVG.
I'm seeing a similar structure developing in the current market. History does not always repeat itself, but these similarities are worth watching.
USDT.D is another important factor.
USDT.D is currently sitting around strong monthly, weekly, and daily demand, along with bullish FVG support. If it gains momentum from these levels, Bitcoin could face further downside pressure.
For now, my bearish bias remains unchanged. However, the market can always prove my analysis wrong. Do your own research and wait for proper confirmations before executing trades.
One more thing: â€ïž
Please keep me in your prayers. I've been very unwell for the past few days, which is why I haven't been taking many trades recently. My health comes first, and I'll return to active market monitoring as soon as I recover.
Stay patient. Protect your capital. Let the market come to your levels.
$BTC / $ETH / $SOL
I'm still bearish on Bitcoin until we see a move toward the $80Kâ$78K zone. I cannot turn bullish at the top of the market. For me, every pump is another potential shorting opportunity.
Let's look at the bigger picture.
- đșđž The possibility of further US interest rate hikes remains on the table.
- đŻđ” Japan has also raised interest rates.
- The Crypto Clarity Act failed to advance.
- US 10-year and 30-year bond yields have been rising.
- Stock markets are trading near their peaks.
Now, take a look at both charts. đ
The current Bitcoin chart is showing a market structure that reminds me of the 2023 setup. Back then, we witnessed expansion, accumulation, manipulation, distribution, and eventually a major dump toward the FVG.
I'm seeing a similar structure developing in the current market. History does not always repeat itself, but these similarities are worth watching.
USDT.D is another important factor.
USDT.D is currently sitting around strong monthly, weekly, and daily demand, along with bullish FVG support. If it gains momentum from these levels, Bitcoin could face further downside pressure.
For now, my bearish bias remains unchanged. However, the market can always prove my analysis wrong. Do your own research and wait for proper confirmations before executing trades.
One more thing: â€ïž
Please keep me in your prayers. I've been very unwell for the past few days, which is why I haven't been taking many trades recently. My health comes first, and I'll return to active market monitoring as soon as I recover.
Stay patient. Protect your capital. Let the market come to your levels.
$BTC / $ETH / $SOL
