Is the Trend Really Flipping — or Just Faking Out?
According to my latest analysis, we might be witnessing the early stages of a major market reversal.
Take a look at that engulfing candle — it showed up right when fear was at its peak. Everyone suddenly flipped bullish, but here's the twist: that very candle could be the trap. Instead of signaling a breakout, it might be the start of a deeper dive.
Here's the strategy I'm eyeing:
First, exit existing long positions — it's all about protecting capital.
Next, consider hedging with fresh long entries while keeping a close eye on the downside.
Then, reassess shorts — don’t rush to cover just yet.
Crucial levels to watch? $105K and $102K on Bitcoin. If strong buying pressure kicks in there, we’ll pivot and close out shorts accordingly.
Stay sharp — the market’s playing mind games.