🚨 URGENT! MUST READ. 🚨
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🚨 #Bitcoin is about to DROP. 🚨
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In this post, I’ll update you on what to expect in the next 5 to 10 days.
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From my previous post (Read Here), I marked a yellow path indicating an ABC correction I expected BTC to undergo on the 4-hour chart. However, it seems we are experiencing an expanded flat ABC correction on the 4-hour chart for #BTC.
Look at the first chart below. The expected pattern is at the top, and the current pattern is below. I’ve also drawn the path I expect Bitcoin to take, predicting a retest of the 20 EMA on the 4-hour chart before moving up.
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Now, here’s what I expect this week:
1D: Trump will be speaking at the Bitcoin conference this week. I expect a pump up to the green zone on the second chart.
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After reaching this zone, I believe we will see a "sell the news" event. The market will rise leading up to the speech, then we will see a sell-off.
Following this, we should get the retest of the 20 EMA that I’ve been anticipating.
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Due to the rejection in the green zone and the subsequent retest, bears will predict a drop to 44-48k for $BTC.
Don’t fall for this. This happened in July 2021 when bears predicted lower numbers, but we ended up creating a new all-time high. Refer to the third chart below.
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Overall, I anticipate a bullish week for Bitcoin followed by a correction before continuing upward.
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Thanks for reading. Stay safe.
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AD: If you’re interested in learning technical analysis like I do, send me a DM on X, same username, or comment below, and I’ll reach out to you.
#BTC