‼️Stay cautious, stay alert!
#Bitcoin❗ is looking weak. I will see how the chart develops once it breaks 90k. As shared earlier l am expecting target closer to 84k. But once Bitcoin reaches there we need to see if it makes an *h* pattern or not.
I know there is a minor support at 91,700 level but I guess this won't hold as the drop would be with quite a force. Usually, when price is CLOSER to the nearest support during DISTRIBUTION phase it tends to break much below that. Therefore, 84k makes much more sense to me at this point.
Also, keep a track of CP|/FOMC. Dates matter more than the data.
Jan 10 to Feb 10 might not be a good time to hodl anything. Rather look for trades that could give you early exit.
Last but definitely not the least, DON'T get carried away by SMALL pumps from now on. All of inem would be a trap and designed for exit liquidity.
