Bitcoin's price could be in for a downturn.
Current Price: $60,397
Pattern: Head and Shoulders (potential trap)
If Bitcoin reaches $62K, it could lead to the liquidation of $1 billion in short positions. However, I believe market makers and institutional levels might have different plans. The market is fractal and unpredictable, so I adjust my strategies weekly and daily. This setup could be a trap for retail traders; it’s advisable not to rush into trading this head and shoulders pattern. A drop to $58K might be on the horizon.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
