Technical analysis don’t work on Bitcoin, Bitcoin has gotten way too big for those lines and arrow you are putting on the chart, you are lying to yourself if you think Bitcoin is dumping because of what you can see in the chart.

Bitcoin is no longer seen as an ordinary cryptocurrency or an investment opportunity to get rich, look at Micheal saylor, why is he only buying Bitcoin ? Do you think it is because of the ROI ? or do you think he is looking to get 10x return and sell his Bitcoin?

Bitcoin price movement is not and cannot be determined by support and resistance or some trading indicators, at this point we all should understand what Bitcoin is all about.

Don’t buy Bitcoin with the idea of making money because big investors and institutions are no longer buying Bitcoin with the intention of getting 10x returns and then selling to take profit, the day you understand that Bitcoin has only 21M total supply now and forever you might start getting the concept of Bitcoin

21M Bitcoin forever, when you have kids or grand children and they grow and start trading crypto, they will meet Bitcoin with the total supply of 21M, do yourself some good and check the total number of people we have on this earth, now imagine 21M Bitcoin for Billions and Billions of people

So, take off that trend line you are drawing on Bitcoin, stop doing those technical analysis on Bitcoin, you can do them on other coins but not Bitcoin, let us tell you something, do you know those meme coins we see on pump fun? imagine drawing trend lines on them, meme coin that will still rug regardless of what ever you see on the chart, bullish or bearish, breaking support or resistance, it doesn’t matter and it cannot decide what happens next

Let’s go drink some water, we are coming back to tell you how fundamental analysis would make you a better trader and more money than technical analysis

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