BTC recovering now?

Hello to all my friends, BTC fall after HongKong ETF approved. The lowest point for BTC was 56500, and now we can see BTC slowly climbing back and trying to break 60K again.

Is it a good sign for BTC pump? At least on my POV, BTC is still having strong bearish momentum in both 12H and Day chart. So it doesn’t change my mindset of BTC bear. The first resistance for BTC will be around 59.5K, second resistance will be at 60.7K. Unless BTC can close 12H candle above 60.5K, or else I’ll still see it bearish.

Lots of people telling me BTC will recover in May and will get a huge pump. This is not a good sign for me. Why I said so? If everyone in the market know this pump is coming, will BTC still pump? Do you think whales will let you seize this chance or this kind of inside news? I’m not saying BTC can’t pump, but from my POV, whales will once again mani$BTC #BTC pulate the market and setting up a bull trap for everyone feeling the strong bull is come, then huge dump! Once everyone is feeling hopeless again in May, then only it’s time for BTC to recover.

In this case, BTC might goes up to 61K or even 62K area, letting everyone feel that BTC is back to bull and it’s time to go ALL-IN. Then only the huge dump will come. I’m not sure will this happen or not, but just my POV.

If you agree with me, you may hit follow button so that you won’t miss out my update. Thanks for your support and all the best in 2024. Peace and love ❤️