#BTC update.
In the screenshot below, you’ll notice a descending red channel.
BTC has repeatedly attempted to break through it (e.g., at 98k, 97.8k, etc.) but without success. This is typical after a significant rise.
What’s next?
Looking at historical patterns, repeated rejections often lead to a retest of the channel’s bottom (around 89k).
The process unfolds gradually
- dump - pump - deeper dump. Position yourself wisely.
No one can predict the future with certainty, but the current indicators suggest a bearish trend.
Supported also by the fact that BTC dominace is decreasing while money is outflowimg from BTC and flowing into altcoins, this is the reason of the rise of altcoins.
If you have questions, feel free to ask. I’ll gladly share my knowledge to help you avoid the mistakes I made (even some I repeated this year). However, I won’t make decisions for you; my goal is to guide and educate.
Check my previous posts via the attached link to see how my analysis has held up over time.
If you found this post helpful, please like, share, and follow for more updates.
#BNB #SOL #Write2Earn! #BTC
This is not a financial advise. DYOR.
{future}(BTCUSDT)