Is the market bullish or bearish? #BTCđ„đ„đ„đ„đ„đ„
-First let's start with some charts that will help you understand what is happening right now. On below's first chart you see the current BTC chart (1D) . You can see a small TOP1 followed by a Shoulder Head Shoulder (SHS) structure. As for now the market looks very bullish but let's take a look at the second chart.
On the second chart you can see the previous bullrun back in 2021, here we can see a TOP1, followed by a SHS structure and what seems to be a 'bullish' market. Not long after the SHS structure and the 'bullish signal' the market crashed downwards.
HOWEVER: this event will happen in the following week this does not mean that the market will go bearish and BTC will stay at levels such as 20-30K. BTC will correct his price and will go up to new ATH afterwards.
It is important to know that investing now is not the most wise decision, you can gain much more profit when you wait to invest in a few days.
DYORÂ $BTC
