$BTC Warning! The next move could be a false rebound! Don't be fooled!
The big surge on June 9 looked impressive, but the institutional big shots didn't actually put their money in! This is crucial! The price was forcibly pushed to a high level, and without real institutional funds to back it up, a lot of people will want to sell, leading to a crash! The result is that, like now, the price has dropped back to around $105,000; this is market logic—if no one is buying, it has to fall!
On June 13, the market was looking for support, and suddenly there was some buying volume coming in, enough to push the price back from $102,000 to $105,000. But! Looking back, this kind of rebound is accompanied by a 'double top' pattern, which is not a good sign!
I am worried: even if more funds come in and push the price to $110,000, it could very well be a 'bull market trap'! The new bull cycle hasn't actually started yet!
Let's see how history played out:
This February: it was also a false rebound! After a brief surge a few times, it fell directly for three months!
Last December: it was also a double top + rebound; although it broke the previous high, it immediately turned around and plummeted, breaking through the support level, and only then did the new trend really start!
So, according to these two 'luring' tactics, buying Bitcoin now:
You can only do short-term trades!
Definitely don't think about bottom fishing for mid to long-term holds!
Why? Because you might run into a crash similar to last December, or after being fooled by a false rebound, what awaits you is a massive sell-off!
For friends holding assets, keep your eyes wide open! Watch the market closely! If things don't look right, then run! Don't hesitate!
Next, I will continue to arrange my trades. Instead of blindly searching for the best entry and exit points and incurring losses, it's better to follow me if you agree with my approach.
Pay attention today: ZKJ BTC ETH UNI
