Even though July is historically one of the greenest months for crypto, it is actually the most dangerous time to FOMO back into the market.

Most retail traders get chopped to pieces here because they try to catch the exact bottom, only to watch their leverage get wiped out by sudden liquidations. It is easy to mistake a quick relief rally for the start of the next massive leg up.

Right now, the data suggests the absolute bottom for $BTC is not in yet. We might see price push up toward the $67,000 to $72,000 range soon because of seasonal liquidity, but treating this as a safe zone is a massive risk. If you are scalping these ranges, you need to take quick profits back into $USDT at key overbought levels rather than holding for long-term targets.

The real danger lies in the correction that usually follows these fakeouts. If $BTC hits that upper resistance and rejects, we could easily see a sharp flush back down to the $57,000 level. Overleveraged positions will get liquidated instantly, which is why waiting for a confirmed retest is much safer than trying to guess the exact local bottom.

Are you guys hedging for a drop back to the fifties, or do you think we break straight through?

#Bitcoin #CryptoTrading #MarketAnalysis