Bitcoin has reached its target zone for a potential dead cat bounce, and the situation is now uncertain. It may either surge beyond this level or face rejection and fall further, risking a breakdown. While recent weeks have been bearish, Bitcoin remains in an uptrend on the weekly and monthly timeframes. Since the start of March, daily price action has been choppy and sideways, making it challenging for traders. The best strategy in this environment is to buy at the bottom and hold until the channel breaks. If the price falls, it's possible to exit at breakeven on a retest using DCA. The weekly SMA20 is around 53,757 for the next week, which may signal a deeper correction. Key liquidity pools are located at various levels above and below the current price.

#etf #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins $BTC $ETH $BNB