BTC QUICK UPDATE! LTF DOES NOT LOOKS GOOD!

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Welcome to this quick update on Bitcoin. Currently, BTC is hovering at around $55,500 and it does not look good here. BTC already broke down the rising wedge pattern and if Bitcoin follows this pattern then we see a dump in the price of bitcoin in the upcoming days.

However, there is a strong support zone at $53,600. If BTC does not hold this level then we may revisit the $50k zone.

Also, trading in altcoins is still risky. Dominance continuously rising. Till then we do not see any rejection in dominance trading in altcoins is risky. So play safe and keep a close eye on Bitcoin and USDT dominance.

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Also, share your views in the comment section.

This isn't financial advice. DYOR before investing.

Thank You!

Trade active:

Told you BTC does not look good here and here the dump starts. But before taking any move I think wait for the daily is a good idea.
However, place your buy bids at $49-52K if you haven't bought BTC yet.