#TrendUpdate ๐จ๐ฅ๐ฅ
You guys ๐ our trend
$BTC has officially shifted to #bearish on the 1D timeframe. The structure has been completely broken.
We have maintained a bullish sentiment since August, buying every dip and selling every peak. All evidence is recorded ๐
Before the actual decline, BTC may still create one last rally to attract liquidity ๐ง and then start to decline ๐
๐ฅ From the 2 red areas I have marked, the official decline phase begins. Expected to drop 10% or more in top ALTs like
$SOL and
$XRP .
When people expect a new ATH around 125k, I believe BTC will drop.
At 115k, buyers will return, but BTC may continue to drop to 98k, then deeper to 80k, 70k, 60k, 50k, or even 40k.
My bottom target: 40k ๐ฅ
If we have a daily close above 128k, then 115k becomes a buying area. If not, prepare for a long ride down to 40k.
You can laugh or disagree, thatโs okay ๐
This is my opinion, my analysis, my square.
Since May, I have predicted BTCโs ATH throughout the months, and every move so far has followed the pattern ๐ฅ
#BTC