đđ° Why Bitcoin Could Fall to 59,600 USD: Detailed Analysis đđ
Yesterday we sold 80% of our altcoins at $69k and are now waiting for a market correction to re-enter. Here is our strategy and why we expect Bitcoin (#BTC) to fall:
âž Personal Perspective: This post reflects my personal opinion and portfolio management strategy. Please conduct your own research before making any decisions.
âž Current Market Pattern: Bitcoin is forming a rising wedge pattern, suggesting a possible correction ahead of the next rally towards all-time highs.
âž Our re-entry goals for BTC are:
âą $64,600
âą $62,800
âą $60,400
âž Portfolio Strategy:
Enter with 25% altcoin at $64,600. Enter with 35% altcoin at $62,800. Enter with 20% altcoin at $60,400.
âž Reason for Expected Reduction:
âą Bearish chart pattern: Rising wedge formation. Market reaction: Whales may resist the bullish sentiment from Trump's recent speech. Liquidation Levels: Multiple liquidations at lower levels could push the price down. On-chain trading: Indicators show whales are preparing to dump.
