📉 Attention, Crypto Traders! 📉 Get ready for a wild ride as Bitcoin (BTC) takes us on a thrilling journey through the volatile crypto market! 🎢 After a meteoric rise to 64k, BTC faced a sudden downturn, breaking down the symmetric triangle at 61.8k and plummeting to 59k. 😱 But fear not, traders, as this dip aligns perfectly with the pattern, suggesting a potential bounce back! 🔄 Currently, BTC teeters just above its 1D support, with the possibility of correction to 56k-58k or even 50k-52k if the support fails to hold. 📉💥
Zooming out to the 1 Week TF, we spot a Cup Pattern formation, signaling a bullish reversal in the making! 🚀 Despite the recent dump, the pattern remains intact, hinting at higher targets ahead. 🎯 But patience is key, as this bullish turnaround may take 1-2 months to fully materialize. ⏳ And mark your calendars, because May is shaping up to be an extremely bullish month for BTC! 📅🐂
In conclusion, traders can consider shorting BTC on a support breakdown below 59k, with targets set at 56k-58k. 📉 But if BTC holds strong and follows through with the Cup Pattern, get ready for a bullish surge with potentially higher targets on the horizon! 🌟 As always, do your own research and stay tuned for the next signal. 💡
#CryptoRide #BTCWildRide #BullishMay 🚀🔍
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