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The reason why i am saying dropping under $63k may make it more ugly because this $3000 BTC bounce will provide so much liquidity to bears that they can potentially break even $60k The trap will be bigger than the trap we saw under $63200 ish low as it can be clearly seen. For example this price action 👇👇 Price fakeout below the low bounced up but failed to hold the move.
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Bitcoin nicely trapped the bears below that $63200 ish low. Price should not drop under that low if it wants to go up. Dropping back under that low will make it so much ugly. As long as price can hold above it i think it's fair to be on the bulls side.
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Us Non farm payroll (NFP) and unemployment data will be released today Expect some volatility during that session.
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Out of 10 how do you rate this Crypto bull market? i have seen 3 bull runs and this one i would give 5 out of 10.
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$PEPE multiple failed attempts and then broke down. This is why i always force you to have a trade plan and take it only when it executes.
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