Market Lacks Swing Buy Signal – Stay Sharp!
By: Binance Square Contributor
Hey Binance Fam!
Let’s talk Bitcoin. The charts have been whispering — and now they might be shouting. It’s time to shift the bottom from $68,000 to the $55,000 zone.
What’s Happening?
There’s still no confirmed Swing Buy signal on the BTC/USDT pair. The market structure remains weak, and recent price action has been hinting at a possible deeper correction.
Here’s the updated outlook:
Previous bottom: $68K
New potential bottom: $55K
Implication: A sharper correction may be on the way
How Fast?
The speed of this movement will be key:
Fast drop? Expect the next leg as early as tomorrow
Slow bleed? Look for another dip before week’s end
Either way, the shift in structure suggests a lower base is forming. Keep a close eye on support zones and volume changes.
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No Panic, Just Perspective
We share this not to create fear — but to prepare. Markets breathe in and out. If you’re looking for entries, patience might reward you soon.
If you’re already in the market:
Set stop losses wisely
Don’t overleverage
Stick to your plan
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Final Thoughts
We know some don’t like seeing bearish signals. But truth is, strong analysis means staying real with both the bulls and the bears. We’ll keep watching closely and update if anything shifts.
Good luck, and stay safe out there!
— Your Binance Square Family