📊 Latest Update on Bitcoin:
I've gotten numerous inquiries regarding Bitcoin's future direction, so here's my evaluation:
Main Level: Bitcoin has reached the bearish Order Block (OB) at $58,000 thrice, indicating this level is unstable.
Predicted Move: There's a high probability of reaching the next bearish OB between $62,000 and $63,000.
Predictions:
Possible Outcomes:
1. Bitcoin could fall from OB1 ($58,000) or OB2 ($62,000-$63,000).
2. If Bitcoin surpasses $63,850, this setup becomes obsolete.
Strong Expectation: Should Bitcoin not surpass $63,850, I firmly anticipate a decline to below $50,000.
Recommendations for Trading:
Trade only after you're certain.
Should Bitcoin cross the $62,000-$63,000 bearish OB, observe its behavior at that point closely.
Maintain vigilance and make informed trading decisions!