Attention, crypto traders! While the excitement surrounding Bitcoin's potential to break all-time highs is palpable, it's crucial to remain vigilant for signs of a potential bearish setup lurking in the shadows. Enter the Holy Trinity: accumulation, manipulation, and bearish expansion.
In the event that Bitcoin catapults past the monumental $69,000 mark, I'll be keeping a keen eye on the upper limit of the breakout, $82,000. If we see a swift move upwards of 20-30% from our range towards the upper direction, caution flags may start waving. This could signal a period of ranging and distribution during the manipulation phase, setting the stage for a potential mark down.
To all the fervent believers in the $100K Bitcoin dream, heed this warning. While the journey to new heights may seem exhilarating, remember that the market can be a treacherous playground. Let's approach this with caution and see what unfolds in the days to come. Stay sharp, stay informed, and may the winds of the market be ever in your favor. 📉🔍
In the event that Bitcoin catapults past the monumental $69,000 mark, I'll be keeping a keen eye on the upper limit of the breakout, $82,000. If we see a swift move upwards of 20-30% from our range towards the upper direction, caution flags may start waving. This could signal a period of ranging and distribution during the manipulation phase, setting the stage for a potential mark down.
To all the fervent believers in the $100K Bitcoin dream, heed this warning. While the journey to new heights may seem exhilarating, remember that the market can be a treacherous playground. Let's approach this with caution and see what unfolds in the days to come. Stay sharp, stay informed, and may the winds of the market be ever in your favor. 📉🔍