As a professional trader with years of experience navigating volatile crypto markets, Iām sounding the alarm: a significant $BTC dump is imminent. The charts arenāt just whispering itāthey're screaming it.
Hereās the breakdown:
šÆļø Candlestick Timeframe Analysis:
Weekly Timeframe: Weāre seeing a textbook evening star formation at macro resistanceāa powerful bearish reversal pattern after an exhausted uptrend. Momentum is fading, and this is often a precursor to sharp corrections.
Daily Timeframe: The price action is loaded with warning signsādoji and spinning tops are stacking at the top, followed by a bearish engulfing candle. This isnāt consolidationāitās hesitation before capitulation.
4H/1H Timeframes: Thereās undeniable bearish divergence between price and both RSI and MACD. Price is nudging higher on low volume while momentum rolls overāclassic distribution behavior by smart money.
š Volume Breakdown: Bullish candles are showing shrinking volume, while red candles are picking up heavy volume. The smart exit is already underwayāretail just hasnāt realized it yet.
š« Donāt Let Hype Fool You:
Yes, itās ābull seasonā according to social media hype, but let me be clear: not every cycle follows the same seasonal playbook. Thinking "this June will be like last June" is a dangerous assumption. Markets evolve, and the current structure doesnāt reflect a healthy continuationāit looks like a setup for a sharp reset.
š§ Pro Perspective: Iāve seen this movie before. Retail euphoria at the top, technical breakdowns ignored, and then the rug gets pulled fast. Based on these signals, Iām anticipating a -15% to -25% correction, especially if key support levels fail.
ā ļø TL;DR: The hype doesnāt match the charts. Candlesticks, momentum, and volume are telling a different storyāand itās not bullish. Iām repositioning accordingly and watching critical breakdown levels closely.
Trade what you seeānot what you hope to see.
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ā [CRYPTO ARENAR]
Professional Trader | Technical Analyst |
