BTC: BIG WARNING ALERT⚠️⚠️⚠️⚠️
🔥As you can see BTC has been stuck at the resistance and I think there is a huge drop coming, and there is a big risk to buy at these levels.
be safe and enjoy.
💥💥But let's check the Momentum Tracker we talked about before. Right now, as shown in the table at the bottom left, bearish momentum is stronger than bullish momentum, and the total momentum is below both, along with the signal and MACD. The signal and MACD are in line with the total momentum.
Which is suggesting a strong bearish move.
👉💦This is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level. or even more drop to 47k.
👀The bearish trend is likely to continue Because the price staying below the neckline and EMAs.
💥🐻Bearish momentum is near its peak, and the MACD is close to forming a golden cross. However, in the Momentum Tracker, the area right below the yellow box on the left side of the price pane doesn’t show this pattern. The more similar pattern is a bit to the left, in the yellow box on the lower pane. After that, the price did rise a bit but then took a sharp drop.
If we follow a similar pattern this time, could it mean we’re currently in the process of forming the shape of the sharp drop, as shown in the blue box on the left side of the price pane? YES Absolutely.
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#MarketDownturn #BTCDROPING #CryptoNewsCommunity #bigDumpComing #DumpandDump $BTC
![](https://public.bnbstatic.com/image/pgc/202408/b8a8cf5fcdec3f20001857803f3d937f.png)