$BTC : Is $60K the Next Major Target?
The Bitcoin bull trap may be coming to an end.
BTC has been printing multiple fake pumps, pulling in late buyers before pushing the price lower. Many traders are getting trapped on the wrong side of the market.
My bearish outlook:
đč Weekend consolidation: $82Kâ$84K
đč Next week: Potential continuation of the downtrend
đč Key downside target: Below $70K
đč Major target: $60K
Don't get caught buying every bounce. A relief rally doesn't automatically mean the bull market is back.
Protect your capital. Manage your risk. Don't become exit liquidity.
Bookmark this post and come back next week to compare the price action.
#Bitcoin #trading #EthereumSurpasses2500USDT
The Bitcoin bull trap may be coming to an end.
BTC has been printing multiple fake pumps, pulling in late buyers before pushing the price lower. Many traders are getting trapped on the wrong side of the market.
My bearish outlook:
đč Weekend consolidation: $82Kâ$84K
đč Next week: Potential continuation of the downtrend
đč Key downside target: Below $70K
đč Major target: $60K
Don't get caught buying every bounce. A relief rally doesn't automatically mean the bull market is back.
Protect your capital. Manage your risk. Don't become exit liquidity.
Bookmark this post and come back next week to compare the price action.
#Bitcoin #trading #EthereumSurpasses2500USDT