I hope I'm wrong, but there are three strong reasons for Bitcoin to start a strong fall and not the bull run as everyone expects.
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1️⃣ - There is huge GAP in CME Bitcoin Futures at 59K. Historically, a GAP is rarely open, meaning this region can be revisited again.
2️⃣ - Bitcoin prices are respecting the edges of the bearish rising edge technical pattern on the 4-hour chart. Normally, this pattern breaks upwards (may reach 70K), but then seeks the base abruptly (59K).
3️⃣ - In addition to being on a rising edge, Bitcoin also remains within a bearish channel on the daily chart. By the way, we are about to test the upper border of this channel.
In short, it's too early to FOMO or position yourself on alt/meme/shitcoins. If Bitcoin's bearish scenario comes to fruition, there won't be a coin left standing.
At most, this is the time to buy just $BTC .
SPOT, no derivatives. Be prudent!
