Bitcoin Price Update. The previous update turned out to be r

Bitcoin Price Update.The previous update turned out to be right about 58.5K level acting as a support for a bounce.
This is how I will trade Bitcoin at these levels.

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BTC

70,980

+0.21%

1.7k

Replies 0

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what’s Next?

Shorts starting printing TP1 should be around 67k region

Yesterday's PA was crazy. This is why I don't trust these kinds of pumps. They are mainly driven by perps and spoofing, with the intention of trapping people near resistance levels. BTC has retraced most of the dump, but alts look weak after yesterday's P&D. It's a sign of preliminary supply. In my opinion, this could be the beginning of the final leg down (shakeout), with BTC potentially reaching $48k-50k and ETH $1.8k-2k. If the thesis is right, altcoins could dump between 25%-50% over the next few days, that's why I have a hedge position open. Once again, don't panic if this happens. Just be ready for that scenario.

No updates = no changes I still don't trust this move up. Something feels off.

Maybe sooner or later some people understand why there is no day trading. Day trading is scam and only noobs try it and leave it after some time if their IQ allows. The real money is in cherry picking the timing and entry, the golden entries sometimes occur every few days, weeks and the super golden entries once a year.

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