BullishBanter
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Friends, look here for a moment… I want you to understand this very clearly.
#Bitcoin has now reached around 93K, and the market is showing strong movement again. But when we check the bigger picture, the monthly chart is sending an important signal. A breakout has appeared, and many traders are confused about what it really means. So let me explain it in the simplest way.
There are only two possible outcomes:
1. BTC is just creating a fake breakdown.
This happens when big traders try to scare small traders. They push the price down on purpose so people panic and sell. After they buy everything at cheap prices, the market usually starts moving up fast again. If this is the case, Bitcoin can easily move back toward 100K+ after this shakeout.
2. BTC is giving a real breakout to the downside.
If this is a real breakdown, then Bitcoin can fall near 78K–80K before creating a new support. But remember, the long-term trend is still upward unless BTC breaks below 82K strongly. Only then the market can turn into a real bearish phase.
Right now, nothing is fully confirmed. The chart is still inside an upward trend, and we must wait for a clean signal. Just like last time when we caught the move from 85K to 92K perfectly, we will catch the next move also.
Stay calm, stay alert, and keep watching the levels.
I will update you before the next big BTC direction.
$BTC
{future}(BTCUSDT)
#Bitcoin has now reached around 93K, and the market is showing strong movement again. But when we check the bigger picture, the monthly chart is sending an important signal. A breakout has appeared, and many traders are confused about what it really means. So let me explain it in the simplest way.
There are only two possible outcomes:
1. BTC is just creating a fake breakdown.
This happens when big traders try to scare small traders. They push the price down on purpose so people panic and sell. After they buy everything at cheap prices, the market usually starts moving up fast again. If this is the case, Bitcoin can easily move back toward 100K+ after this shakeout.
2. BTC is giving a real breakout to the downside.
If this is a real breakdown, then Bitcoin can fall near 78K–80K before creating a new support. But remember, the long-term trend is still upward unless BTC breaks below 82K strongly. Only then the market can turn into a real bearish phase.
Right now, nothing is fully confirmed. The chart is still inside an upward trend, and we must wait for a clean signal. Just like last time when we caught the move from 85K to 92K perfectly, we will catch the next move also.
Stay calm, stay alert, and keep watching the levels.
I will update you before the next big BTC direction.
$BTC
{future}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.