🚨 Bitcoin - Ready for a 10% Drop! (Sell Now) 🔻 SHORT

⚠️ Bitcoin has been going slightly up in the recent weeks, but the structure of the uptrend seems to be corrective rather than impulsive. Signs of a corrective trend are overlapping swings, huge retracements between waves, and holding parallel channels (price never went above the channel).

📉 If a trend is truly bullish, the price should break above the parallel channel. In this case, Bitcoin is not strong enough, bulls are losing momentum, and price is starting to lose this blue ascending channel.

🔥 If you watched my previous ideas, you know I predicted Bitcoin could revisit lower zones. Sooner or later this may happen — the question is when exactly. This uptrend looks overextended, and we may see the end of this move very soon. Possibly today or tomorrow.

🎯 Next target is around 70k (0.618 FIB).

📊 The stock market (S&P500) is moving higher slowly and steadily, while Bitcoin usually moves much faster during bullish phases — but with sharp drops as well. The dynamics of both markets are very different.

🔻 For SHORT on Bitcoin: Watch the red resistance range at the top of the channel. When you see a breakdown, enter a short position or exit your long trade. Always trade with confirmations.

💬 Write a comment with your favorite altcoin + hit the like button, and I will make an analysis for you in response.

⚠️ Educational purpose only. Not financial advice.

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