🚨 OH GOD! BITCOIN IS FLASHING A SERIOUS WARNING! ⚠️ DON'T IGNORE THIS!
I was analyzing the $BTC weekly chart while preparing my spot-buy orders, and something unusual caught my attention. 😧
Bitcoin has printed 5 consecutive red weekly candles, and the sixth week has started under pressure. I've noticed similar patterns during previous bear markets, but remember, this is NOT a confirmed signal yet.
More importantly, BTC has slipped below its 50-week Moving Average, raising serious concerns about the strength of the recent recovery.
And now comes another major test. ⚠️
🇺🇸 TWO IMPORTANT US INFLATION REPORTS THIS WEEK:
📌 November 10 – CPI: Expected at 3.9%
📌 November 13 – PPI: Expected at 6.6%
Last week's stronger-than-expected US jobs report has already increased concerns about another Federal Reserve rate hike in December.
If inflation comes in hotter than expected, Bitcoin could face additional selling pressure. And honestly, nobody should ignore this possibility.
BUT HERE'S WHAT WORRIES ME THE MOST! 👀
Another red weekly close would mark 6 consecutive weekly losses, a pattern that could signal prolonged bearish conditions.
I'm really hoping tomorrow's CPI comes in lower than expectations. 🥲
A failure to reclaim the 50-week moving average would further strengthen the bearish outlook.
NOW, LET'S DISCUSS THE TWO POSSIBLE SCENARIOS. 🐼
Earlier today, I explained why the daily RSI entering oversold territory could be a positive sign for spot buyers.
If CPI comes in lower than expected, $BTC holds the $72K–$73K support zone, and we manage to close the sixth weekly candle positively, we could finally start hoping that $72K was the bottom. 👀
However, if these conditions fail, things could get much worse.
I'm NOT trying to create panic. I'm simply sharing every possible scenario because nobody controls the crypto market, and we must be prepared for both outcomes.
I was analyzing the $BTC weekly chart while preparing my spot-buy orders, and something unusual caught my attention. 😧
Bitcoin has printed 5 consecutive red weekly candles, and the sixth week has started under pressure. I've noticed similar patterns during previous bear markets, but remember, this is NOT a confirmed signal yet.
More importantly, BTC has slipped below its 50-week Moving Average, raising serious concerns about the strength of the recent recovery.
And now comes another major test. ⚠️
🇺🇸 TWO IMPORTANT US INFLATION REPORTS THIS WEEK:
📌 November 10 – CPI: Expected at 3.9%
📌 November 13 – PPI: Expected at 6.6%
Last week's stronger-than-expected US jobs report has already increased concerns about another Federal Reserve rate hike in December.
If inflation comes in hotter than expected, Bitcoin could face additional selling pressure. And honestly, nobody should ignore this possibility.
BUT HERE'S WHAT WORRIES ME THE MOST! 👀
Another red weekly close would mark 6 consecutive weekly losses, a pattern that could signal prolonged bearish conditions.
I'm really hoping tomorrow's CPI comes in lower than expectations. 🥲
A failure to reclaim the 50-week moving average would further strengthen the bearish outlook.
NOW, LET'S DISCUSS THE TWO POSSIBLE SCENARIOS. 🐼
Earlier today, I explained why the daily RSI entering oversold territory could be a positive sign for spot buyers.
If CPI comes in lower than expected, $BTC holds the $72K–$73K support zone, and we manage to close the sixth weekly candle positively, we could finally start hoping that $72K was the bottom. 👀
However, if these conditions fail, things could get much worse.
I'm NOT trying to create panic. I'm simply sharing every possible scenario because nobody controls the crypto market, and we must be prepared for both outcomes.
