🚨 Beware of the Fakeout and Upcoming Death Cross! 🚨

Bitcoin’s current price movement is luring traders into a false sense of security. Yes, BTC touched $66,498, and the price is now hovering around $62,612, but don’t be fooled—this could be a classic fakeout. There’s a storm on the horizon…

💀 Death Cross Incoming! 💀

The 7-day and 25-day moving averages are dangerously close to crossing the 99-day MA, a signal of the notorious death cross—a strong bearish indicator. This setup suggests further downward pressure may be on the way. 📉

💡 Technical Analysis Breakdown:

Volume Shrinking 📊: Declining volume indicates a loss of momentum—not a good sign for the bulls.RSI at 51.50: We’re in neutral territory, but the lack of clear direction signals caution.MACD Bearish Divergence: Both bulls and bears seem uncertain, creating a tension that could break either way.

🔑 What to Expect:

If BTC breaks below $61,682 (MA7), brace for a deeper drop toward $61,075 (MA99).On the upside, reclaiming $66,498 might give bulls temporary control, but don’t get comfortable—this could be short-lived.

Stay vigilant and watch those moving averages. The upcoming death cross could flip the market, bringing even more volatility. Stay patient and avoid emotional trades in these uncertain times. 🦁💪 Opportunities come to those who remain sharp!

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