🚨 Why Bitcoin Could Drop to $59,600: In-Depth Analysis 📉

Yesterday, we sold 80% of our altcoins at $69K and are now waiting for a market correction to re-enter. Here's our strategy and why we anticipate a decline in Bitcoin (#BTC):

Personal Perspective: This post reflects my personal views and portfolio management strategy. Please conduct your own research before making any decisions.

Current Market Pattern: Bitcoin is currently forming a rising wedge pattern, which indicates a potential correction before the next move up towards a new all-time high. Our re-entry targets for BTC are:

- $64,600

- $62,800

- $60,400

Portfolio Strategy:

- Re-enter with 25% in altcoins at $64,600.

- Re-enter with 35% in altcoins at $62,800.

- Re-enter with 20% in altcoins at $60,400.

Reasons for Expected Drop:

- Bearish Chart Pattern: Rising wedge formation.

- Market Reaction: Whales might counteract the bullish sentiment from Trump's recent speech.

- Liquidation Levels: Many liquidations at lower levels could push prices down.

- Onchain Transactions: Indicators suggest whales are preparing to dump.

Hit the like button if you found this post helpful and follow

#MU_Traders for more updates. Questions? Drop them in the comments!

#Bitcoin

#CryptoAnalysis

#MarketCorrection

#CryptoTrading