๐จ BOUNCES EXIST, BUT THE TARGET STILL REMAINS 60K ๐ฉธ๐
๐ Watch out because this is where many end up confusing a technical bounce with the start of a new rally.
Follow me to stay informed and not miss out on what's coming up.
๐ On the daily timeframe, there are still various imbalance zones above the price that could act like magnets if $BTC manages to regain some strength ๐๐ฅ
๐ณ It's completely normal to see bounces after such an aggressive drop.
๐ฉธ Over $1.5 billion liquidated.
๐ฉธ Extreme fear in the market.
๐ฉธ Traders panicking and exiting positions.
๐ฉธ And sellers taking profits.
๐ But one thing is a bounce.
๐ And another entirely different is a trend reversal.
๐ As long as #bitcoin keeps making lower highs and lower lows, the bearish pressure continues to dominate the scene.
๐ฅ What many aren't seeing is that strong bounces tend to appear precisely when fear is at its peak.
And they also tend to trap the most #TraderAlert before continuing the main trend ๐ญ
๐ฏ For now, the big pool of #liquidez keeps showing up in lower zones.
๐ฏ And 60k remains one of the levels that most market participants have on their radar.
Damn, after a drop like this, it would be weird if violent bounces didn't show up ๐๐
But it wouldn't be strange if those bounces ended up being sold off again by the strong hands ๐ณ
๐ญ Don't trade, damn it.
Because the market is dishing out slaps to #long and #short alike ๐๐ฉธ
๐ฅ What a crazy level of volatility we're seeing.
๐ Do you think this bounce will be different or just another pit stop before continuing to hunt for liquidity near 60k? ๐ณ๐๐๐ฉธ๐ฅ
๐ Watch out because this is where many end up confusing a technical bounce with the start of a new rally.
Follow me to stay informed and not miss out on what's coming up.
๐ On the daily timeframe, there are still various imbalance zones above the price that could act like magnets if $BTC manages to regain some strength ๐๐ฅ
๐ณ It's completely normal to see bounces after such an aggressive drop.
๐ฉธ Over $1.5 billion liquidated.
๐ฉธ Extreme fear in the market.
๐ฉธ Traders panicking and exiting positions.
๐ฉธ And sellers taking profits.
๐ But one thing is a bounce.
๐ And another entirely different is a trend reversal.
๐ As long as #bitcoin keeps making lower highs and lower lows, the bearish pressure continues to dominate the scene.
๐ฅ What many aren't seeing is that strong bounces tend to appear precisely when fear is at its peak.
And they also tend to trap the most #TraderAlert before continuing the main trend ๐ญ
๐ฏ For now, the big pool of #liquidez keeps showing up in lower zones.
๐ฏ And 60k remains one of the levels that most market participants have on their radar.
Damn, after a drop like this, it would be weird if violent bounces didn't show up ๐๐
But it wouldn't be strange if those bounces ended up being sold off again by the strong hands ๐ณ
๐ญ Don't trade, damn it.
Because the market is dishing out slaps to #long and #short alike ๐๐ฉธ
๐ฅ What a crazy level of volatility we're seeing.
๐ Do you think this bounce will be different or just another pit stop before continuing to hunt for liquidity near 60k? ๐ณ๐๐๐ฉธ๐ฅ
