🚨 FOMO AVOIDANCE
Predicting Bitcoin's movement for Monday is difficult, particularly in anticipating how BTC will react. One of the factors complicating predictions is the prevailing fear in the market. While I believe BTC will eventually go down, I don't expect that to happen tomorrow. For BTC to decline, the fear must dissipate; when there is fear, people tend to buy rather than sell, which supports the price. If people are buying, it's challenging for BTC to drop—that's the dilemma. However, there's also an underlying pressure for BTC to go down, which adds to the current uncertainty.
Additionally, almost every Monday, we see a brief period of bullish momentum that lasts for a few hours before a bearish trend begins. Given these conditions, I strongly advise everyone to exercise caution.
Moreover, on Square, there is widespread speculation that BTC will reach $65,000. While I also hope it will rise to that level, it's crucial to be cautious when entering trades. Always do your own research (DYOR), and wait for confirmation before opening any positions. Avoid making hasty decisions or falling into a FOMO (Fear of Missing Out) mindset.