Is more Red Coming ?
$BTC recently surged to $74K, shattering a significant resistance level, However, the momentum couldn't be sustained, & the price retreated back to around $69K.
Currently, it's finding support in the 60.5-62.5k range, showing signs of a retest but am expecting to see it to 58K.
Yet, there's caution as breaching this range might trigger a further decline towards 50.5-52k and worst scenario can take BTC down to 48K.
Volatility remains high, so avoid leverage or do it with tight stoploss.
-Last week was a bad dream for Bitcoin especially Altcoins holders. Most of the Altcoins went down to 50% to 100% like $JUP $Gala $Pyth $Wif $Pepe $Shib $Rune $Agix $Fet $ENA $Matic $XRP $Bome $Meme $Mina $Rndr $Near.
-Total of One Billion Dollars of Late Longs and Shorts were Liquidated Yesterday.
-Long term Time Frame can Turn Bullish if we Cross 65-66K and Retest it.
-My Prediction is that we go sideways in fear till the Halving.
-I believe Halving becomes a Micro sell the News Event.
-Eventually the 50% reduction in Bitcoin Supply from Mining comes to light and we Pump like nothing Happened.
Remember, Don't Blame Leverage. It's just a Tool. Effective if used by a craftsman who understands it, lethal when used by a Noob.
#BTC #etf #BinanceLaunchpool #bitcoinhalving #HotTrends #Shib #Memecoins #Doge #Wif #ASI
