Hello everyone

Why is everyone panicking about BTC dropping? BTC can't easily enter Bearish Momentum again without certain conditions being met.

In the last update, BTC entered Bearish Momentum while trading at 56900 and dropped to 54243. However, it quickly rose above 56000 within a few minutes. This shows a strong decline in bearish trends, especially since BTC had dropped more than 3% before recovering. BTC is likely to rise soon, particularly with BTC ETF trading now live, which should positively impact the market.

Conditions for Bearish Momentum Possibilities:

1. If BTC rises above 57000 and holds that price for 1-2 hours before dropping, it could re-enter Bearish Momentum.

2. Alternatively, BTC needs to close below 54073 to enter Bearish Momentum.

So, everyone should use DCA when the price reaches 54890 (previous low). Set your SL at 53583.

If you can't accept any losses or profits and tend to trade emotionally, you might want to reconsider your approach. I always suggest trading with proper risk management. Don't take high-risk trades to avoid liquidation.

Thanks for your support and love ❤️.

Author : @KingofBTC2024 (For All) BXT

For Altcoins trading information 👆