After rumors of SEC approved Bitcoin ETF yesterday, price pumped hard and then most of the pump is absorbed …
right now BTC at very decisive area :
1- The Bullish scenario:
Since 2021 the key level (31-32k)is a very strong level, a breakout and stability above is a bull signal and will confirm double bottom pattern
2- The Bearish scenario: completing the head and shoulders pattern and dropping below 25k will lead to further correction “if happened I believe it will be the last correction”
What is the most likely scenario for you and why ? All questions and opinions are welcomed Share with me below ⬇️
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Some guys asked me what to do now ?
i have enough stable coins and also I already have some crypto
As i said before the market bottom is close , in this situation make sure you are not completely out and not completely in and be ready for any price action soon
Hi, thank you. I don't think you have specified head and shoulders correctly. It is more of an accumulation format between resistance and range support.A bounce from resistance may also follow. Until price breaks 31000, the level from April, then the flat will continue
Babenski
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@RLinda they are imaginary pattern neither bullish or bearish completed yet
MyCryptoParadise_Nathan
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Thank you for sharing your analysis and insights. It's always helpful to hear different perspectives and strategies.