$BTC
"Market Action Discounts Everything—Why the Headlines Aren’t the Whole Story"
Some might blame the current market dip on rising geopolitical tensions, like the escalating situation between Israel and countries like Iran. But here’s the truth: everything that affects the market is already reflected in the price. That’s why technical analysis is key.
When we talk about an asset being overbought or overheated, it doesn’t mean it will immediately crash—it means it’s just one piece of bad news away from a sudden drop. The same applies to oversold conditions; one positive catalyst, and we’re primed for a crazy pump.
Price action discounts everything, and studying it is all we really need. What are your thoughts—are we one bad headline away from a collapse, or is the next pump just around the corner? Let me know below! 💬
Bitcoin just rejected at $65K, and we’re seeing prices slowly slipping back into the bearish zone. The big question is: Will it hold above $60K, or are we headed for a major dip to $50K or lower? 📉
Let’s talk about the 120-day EMA—this backtested indicator has been a lifeline for BTC. As long as we stay above it on the daily chart, there's still hope for a bull run. 📈 Break below, and we might be seeing those scary lows again.
