MU_Traders
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I am not Bullish on $BTC current bounce & still waiting for $74K. Here is why?
🔸First reason is that #BTC is still in bearish trend and hasn't shifted trend according to 1D TF.
🔸Second reason is #TARIFF that US is going to implement on major countries products like Canada 🍁, Russia, China and other.
🔸 #bitcoin will crash if US apply because current crash from $96 to $76K is just due to tariff so maximum probability on its announcement BTC crash more.
🔸 Third reason is falling wedge pattern. Currently $BTC is continuously rejecting from red declining trend line in 1D TF.
🔸 Until BTC close 2-4 1D candles above it I am bearish and will wait for $74K zone.
🔸 So at the moment just wait for another crash according to current analysis.
🔸 This analysis will be invalidated once BTC close 2-4 candles above resistance level of $86K.
🔸 If you find this post helpful then like, share and repost it.
🔸Second reason is #TARIFF that US is going to implement on major countries products like Canada 🍁, Russia, China and other.
🔸 #bitcoin will crash if US apply because current crash from $96 to $76K is just due to tariff so maximum probability on its announcement BTC crash more.
🔸 Third reason is falling wedge pattern. Currently $BTC is continuously rejecting from red declining trend line in 1D TF.
🔸 Until BTC close 2-4 1D candles above it I am bearish and will wait for $74K zone.
🔸 So at the moment just wait for another crash according to current analysis.
🔸 This analysis will be invalidated once BTC close 2-4 candles above resistance level of $86K.
🔸 If you find this post helpful then like, share and repost it.
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