🚨Death ☠️ Cross ❌ is forming in $BTC at 1D TF. Will BTC drop to $40K? Let's analyze it.
Many creators on square and other social media platforms are talking about death Cross . Saying market can dump to 40K due to of it. Before we move further we want to announce a big thing today, which is written in form of announcement at the end of this post . Don't miss it. Now let's explain death cross formation .
To discuss death cross first we need to know what is death cross? Death cross created when 50 MA (Moving average ) Cross 200 MA from upper side toward downward side, as shown in below chart. Where red line indicating 50 MA and Green line indicating 200 MA. On the same side golden cross opposite to death cross. Golden cross is Bullish sign for market where Death cross is Bearish sign for market. If we look on chart it is clearly shown that death cross has formed. But we don't think market will crash to 40K because we are at edge of rate cuts , we are at edge of Bull Run . ETF are buying continuesly , do you think if Market need to go 40K then they are mad who are buying at these price. No it is just a fud market will not dump to that point . only 60-70% chance it will play out. Market condition indicating it is not going to happen .
If you read yesterday post we mentioned 57,500 and 55,000 level for buying for #BTC☀ . And 20% for unexpected senerio . But we don't believe market will go to 40K or even some people are talking about 33K. Don't look and believe such report. They just want to keep you away from market before next leg up. We are expecting 57,500 and 55K zone in ahead week. Some liquidation created at 61,650. So, we can expect a little wick to that point and then our entry point will be retraced and we will enter at given points . So, wait with patience for entry point .
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