🚨6 weeks of chop in #Bitcoin, most people are now aquinted with trading this small range so the Impulsive move below 25k$ is coming sooner than expected 🤝🏻
- Whenever market tests the support multiple times, it isn't a support anymore.
- Shitcoins like pumped hard marking a local top and indicating a correction.
- Good news stopped pumping the market.
- Distribution all over.
Why dump is required?
- HTF chart right now looks bullish and everyone is busy accumulating spot or buying or building long which they feel bull run is very close and that's why if $BTC dumps below 25k$, the whole HTF chart will be bearish and indicating more downside which will result in mass panic among retailers and make them sell again providing liquidity for big whales to accumulate.
Buy on panic, not on fomo.