That feeling when you buy the the dip but it keeps dipping...and dipping...and dipping some more ๐ ๐
The market is bleeding today.
Should you be worried? ๐ค
Here are 3 reasons why bears may not win this battle in the coming weeks
1/ A 3-MONTH (& counting) BULL FLAG PATTERN ๐ฅ
BTC has been moving within a bullflag for 3 months now. These patterns tend to continue to the upside.
Possible reversal zones -
Price is currently at the major 65-67k area, which could offer support. If that breaks, 61-63k is the next potential support
![](https://public.bnbstatic.com/static/content/square/images/35d7ad68c59849a0bfd85264d638f9ad.jpg)
2/ FOMC MEETINGS HAVE BEEN BULLISH ๐ค
We're heading into #FOMC , a major economic calendar event tomorrow.
In the last few months, the FOMC has aligned with key bottoms (credits - 0xGumshoe on X)
![](https://public.bnbstatic.com/static/content/square/images/f4f5d0ad5a0c48ef8937c5c579369d7d.png)
3/ WHALES ARE SHOPPING?
Around $1 Billion worth of $BTC was moved off Coinbase a few hours back - are whales out there buying?
![](https://public.bnbstatic.com/image/pgc/202406/8daa8a0464442974f02b82afcedc4fd4.jpg)
VERDICT:
I'm team bull...and looking to buy this dip ๐คช
IMO BTC should bounce soon in the low-mid 60k's
What about you...