So what will happen next in BTC?
BTC is currently trading near the $64000 level. It achieved an increase of approximately 14% from the 56K bands. This rise is very normal, not everyone opened a short transaction at 72K like us. Those who thought they were smart, when the 56K levels reached, everyone opened short transactions at those levels, i.e. 60K gold.
However, the market moves contrary to expectations. They should have opened it when the market was not expecting this, like us. Now the market has risen as market makers attempt to blast these shorts. This upward pullback is quite normal. It was a bear trap.
But I think this rise will also be a bull trap.
For this reason, I will act according to my projections for May and June. I have shared my thoughts with you about these months before. I still have these thoughts.
If there is any change in the market, I will update again, but this rise has not changed my plans for now.
I advise you not to open leveraged transactions in this process, especially to avoid being liq, and to act cautiously considering the possibility of a bull trap.
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