LIVE--・2k views
like i said earlier we could be wrong,
but I can tell a solid pump when I see one, and this dont seem like one.
A solid breakout above the resistance level of 64.5k with a proper consolidation would confirm it, but the current consolidation seems unconvincing.
It is not an appealing position for accumulation either.
you can tell even Meme coins just stopped reacting to $BTC pump candlesticks
MACD showing high selling pressure on daily
as well as both SMA and EMA 30 and 50
while Bull Bear Power is Neutral with 1500 points
The Dollar Index (Dxy) will play a crucial role on Monday, determining whether it crushes, or crypto market does
LIVEcryptosarcasm
--
Bearish
#BTC🔥🔥🔥🔥🔥🔥
#dump
(decline is still on plan) Sellers are still in control. After studying the 4-hour technical charts and other technical indicators, this becomes clearer. The price is below the resistance lines and the bears have successfully broken several previously noted support levels. BTCUSD is currently following Dow Theory patterns, retesting previous breakout zones. In addition, the monthly chart with a bearish engulfing pattern is also looking towards a continuation of the decline. From a technical point of view, I would expect a continuation of selling with a target of $53,000 after a retest under $59,000 with a decisive break of the support at $56,000. This is all from a technical point of view, which I don't really care much for.
From a fundamental point of view, there is a lot of positive news on Bitcoin right now, which could be a simple manipulation to drive the bulls into a trap and lock in a profit on their liquidity.
Canceling this scenario will happen if we break the $67,300 level. To do this, we will need to break through $64,500 first and consolidate above it. Until then, the decline is a priority. I’m waiting for your poisonous wishes in the comments😉
#BTC #Bitcoin #BullorBear $BTC
#dump
(decline is still on plan) Sellers are still in control. After studying the 4-hour technical charts and other technical indicators, this becomes clearer. The price is below the resistance lines and the bears have successfully broken several previously noted support levels. BTCUSD is currently following Dow Theory patterns, retesting previous breakout zones. In addition, the monthly chart with a bearish engulfing pattern is also looking towards a continuation of the decline. From a technical point of view, I would expect a continuation of selling with a target of $53,000 after a retest under $59,000 with a decisive break of the support at $56,000. This is all from a technical point of view, which I don't really care much for.
From a fundamental point of view, there is a lot of positive news on Bitcoin right now, which could be a simple manipulation to drive the bulls into a trap and lock in a profit on their liquidity.
Canceling this scenario will happen if we break the $67,300 level. To do this, we will need to break through $64,500 first and consolidate above it. Until then, the decline is a priority. I’m waiting for your poisonous wishes in the comments😉
#BTC #Bitcoin #BullorBear $BTC
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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