"Bitcoin: Did We Really Need the Fed’s Statement? 🤔📉"
Last Wednesday, everyone was anticipating the U.S. Federal Reserve’s statement and its potential market impact. But was that the sole event influencing Bitcoin’s movement? Absolutely not!
In reality, the chart doesn’t lie, and recent market events were clearly outlined for anyone focused on technical analysis. The current drop was entirely predictable, especially after technical signals confirmed that the previous rally was nothing more than a fake pump designed to liquidate trader positions.
🔍 How Was the Manipulation Unveiled?
The rapid upward move, unsupported by strong trading volume, was the first warning sign.
Critical resistance levels weren’t decisively broken, highlighting weak bullish momentum.
The price reversals were anticipated based on prior discussions, where open positions were targeted and the market structure adjusted.
📉 The Current Drop: No Surprise
Our analysis from yesterday was crystal clear: the market is plagued by repeated manipulation. These fake rallies aim to lure traders into opening positions, only to wipe them out with a sharp drop.
💡 Key Takeaways:
News events matter, but they’re not the sole market drivers.
Relying on technical analysis is crucial—it silently and accurately reflects the market’s reality.
Always trade with caution and don’t get trapped by rapid moves that could be deceptive.
Now, the big question: Do you expect the decline to continue, or could strong support levels restore balance to the market soon? Share your thoughts in the comments! 📝👇