BTC Price Alert! 🚨

In the next few hours, I predict BTC will drop to $53k-$54k. If a wick forms, the price might rebound to $59k. However, I'll be cautious and won't open any long positions for the next 4-5 hours as the market seems to be in a trap mode.

Currently, over 60% of positions are long, and most stop losses are set around $54k or lower. This could lead to a potential liquidity grab and a sharper price drop.

Remember, always do your own research and risk management before entering any trade. Stay vigilant and keep an eye on market dynamics! 💡

Additional tips:

- Keep a close eye on order book dynamics

- Monitor market sentiment and positioning

- Adjust your stop losses and position sizing accordingly

- Stay informed, but don't get caught up in the hype! 🙏

#Bitcoin❗ #ETH_ETFs_Approval_Predictions #BinanceTurns7 #US_Job_Market_Slowdown #SOFR_Spike