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what are you cooking there? ๐ฉโ๐ป
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$BTC 50k dream for short will NOT happen! Market makers make you think that it will go to 50k. Donโt get trapped. #bitcoin will make another shoulder (around 62k) BEFORE going to 50k. Maket makers got you! ๐ฉโ๐ป
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JUST IN article from Cointelegraph: โ$BTC price warning: #Binance โwants bloodโ amid sub-$60K Bitcoin target. Bitcoin faces a potential โliquidation cascadeโ toward $50,000, analysis warns as the BTC price rebound fizzles. In his latest market commentary on X, popular trader Credible Crypto paints a grim short-term picture for Bitcoin. Since our local top Coinbase spot takers have actually begun buying again but Binance spot takers are selling 2x as much. OI still quite high and lots of liquidity below If Binance sellers keep up the sell pressure it could trigger a liquidation cascade back down to our range lows (Iโm expecting this as Iโve made clear over the last few days, the question right now is simply how long it will take to occur),โ he concluded In his latest trading strategy update to X followers, he eyed the possibility of a return below the $60,000 mark. โIf we lose 59K~ cleanly, I think we head back towards mid 50Kโs if not lower,โ he summarized
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August was not so good for $BTC in the past and September is worst ๐ฉโ๐ป
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BREAKING ๐ฅ El Salvador (Central America) was the first to announce Inflation rate and came higher than the forecast ๐ฉโ๐ป I will go bearish on $BTC , chances are that the same will happen on US too
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I think $BTC will drop to 57k and bounce hard ๐
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