$BTC Market Update: A Potential Massive Crash Ahead 🚨📉
As previously mentioned, we anticipated a significant crash for Bitcoin in Q4, targeting a range of 📉 $45K - $41K. To grab liquidity, $BTC is likely to break 🤯 $51K and descend into this range. However, this does not mean Bitcoin can't move 📈 upwards. When liquidity increases, Bitcoin tends to jump, liquidating big players, which is how trading works and exchanges make money. 💰
In the last 24 hours, we observed a massive 📈 reversal from the $63,400 range to $68K, indicating that retail investors are still in FOMO and not buying Bitcoin. There is a possibility of a fakeout 🛑 to the $74K range, prompting retail investors to enter, only for Bitcoin to dump by over 30%. This is a typical market behavior.
Current Levels and Predictions 📊
Bitcoin is currently trading in the $66.8K - $68K region. If $BTC manages a 12-hour closing above $68,800, the next jump 📈 to $69,900 is likely, from where we can open a second short position as previously shared. The market remains uncertain, and trades are risky. Only active traders capable of managing their risk should engage. 🙏🏻
According to my prediction, Bitcoin will move sideways and downwards, while altcoins are expected to show 🚀 green in the coming weeks. Bitcoin will continue to fluctuate within this range, presenting an opportunity for scalpers.
Altcoin Market Insights 🌿
Many have requested altcoin trades, and we do provide 3-5 daily trades. However, we do not offer these trades on Binance Square due to platform restrictions and potential delisting of our posts. 💰
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