BTC UPDATE: One Last Pump Before The Dump?
The market is setting a massive trap. Here is the quick breakdown:
The Pump: Expect a final push toward $84,500 – $87,000 just to liquidate shorts and trap late buyers (FOMO).Heavy liquidity is sitting down between $76,000 – $78,500. The market will likely crash to hunt this area once the top is in.Recent CPI & PPI data came out bearish, meaning these high price levels cannot sustain for long.
Do not buy the top. Look to build Short Positions in the $84.5k–$87k zone if price shows weakness. Targets are $78.5k and $76k.
The market is currently sitting in Greed at 64, so absolutely do not buy the FOMO. Expect one final pump toward $84,500 – $87,000 to trap shorts, followed by a heavy drop straight down to sweep the $76,000 – $78,500 liquidity zone.
#Bitcoin #BTC #CryptoUpdate #Bearish
The market is setting a massive trap. Here is the quick breakdown:
The Pump: Expect a final push toward $84,500 – $87,000 just to liquidate shorts and trap late buyers (FOMO).Heavy liquidity is sitting down between $76,000 – $78,500. The market will likely crash to hunt this area once the top is in.Recent CPI & PPI data came out bearish, meaning these high price levels cannot sustain for long.
Do not buy the top. Look to build Short Positions in the $84.5k–$87k zone if price shows weakness. Targets are $78.5k and $76k.
The market is currently sitting in Greed at 64, so absolutely do not buy the FOMO. Expect one final pump toward $84,500 – $87,000 to trap shorts, followed by a heavy drop straight down to sweep the $76,000 – $78,500 liquidity zone.
#Bitcoin #BTC #CryptoUpdate #Bearish