🚨We are still looking for a pull back in $BTC up to $52K area. Here is why?
Yesterday we predict a dump from 59K area. it rejected from there and showed $1,500 downside movement . But unfortunately after that price show too much buying pressure and pumped UpTo 62K+. Here is our updated chart and details:
Note: We receive many comment you are wrong you are providing wrong analysis you are getting paid for wrong analysis . we want to clear we don't predict market we just share our planing , you always need to #Dyor2024 before taking any financial action .
As you can see in chart BTC is trading at resistance zone. #BTC☀ is currently trading at high volume resistance area. Maximum chance BTC get rejection from here and try to find a support between 52K area. First we will see some support at 57K and then 52K. Personally we have sold some alts here and waiting for dip to enter in market again.
Also BTC filled CME gap and liquidate $700M+ in this upward movement . Now maximum liquidation present at 53K , and some present at 70K zone. Now if market go UpTo 70K $3B+ will get liquidate on the other side if market dip to 53K area then $5B+ will get liquidate so maximum Chance BTC move downward.
Main reason why we are bearish is that BTC showed recovery too much fast after dipping below 50K. Now many new traders are getting FOMO. Market will move downward side to liquidate them. Also many long position opened late bcz when market crashed to 50K every one get scared and don't want to buy anything . And now greed will increase and FOMO created. Market will be manipulated by market makers and move downward side to liquidate them.
Theme of Talk : We are bearish and waiting for $57K and 53K zone to buy again.
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