BTC is poised to hit $80k this week, but I don't recommend it. Why? Because BTC is incredibly volatile and has already seen significant gains. I'm writing this analysis as the recent dip from $71k to $68k has already begun. Those who went long on Bitcoin may have closed their positions or had their stop losses hit. Now, the next move is for short traders to liquidate. Those who took profits during this dip are lucky, as BTC is likely to rise to $80k, causing short positions to liquidate. If anyone is considering going long, I'm writing this analysis to caution against it, although I can provide insights. As for those in short positions or thinking of entering one, I advise against it for now. Stay tuned with me for updates, and I'll keep you informed.

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$BTC