$50K CRASH IMMINENT?
Entry: 60000 🟩
Target 1: 58000 🎯
Stop Loss: 62000 🛑
The market is on the edge. Fear is gripping traders. A brutal drop to $50,000 is a real possibility. This weekend's bounce was just a flicker of relief. Selling pressure is far from over. Volatility is through the roof. Uncertainty reigns supreme. Macro factors and ETF inflows are not enough to save us. On-chain data shows we are in a transition phase. No clear trend. If Bitcoin follows its 2022 pattern, fresh lows are coming. The 200-week SMA and EMA are critical battlegrounds. Break these, and the downside opens up. Many ETF holders are already in deep unrealized losses. Further drops will trigger more selling. True capitulation hasn't even happened yet. A bottom only forms below $50,000. This bounce is not a reversal. Prepare for the storm.
Disclaimer: Trading involves risk.