#ChinaBlacklists40MoreJapanEntities Everyone is still waiting for a big bounce.
That's exactly what worries me.
$BTC doesn't look healthy here.
Price keeps getting rejected below the $60.6K area, buyers are struggling to regain control, and every relief bounce is getting sold into.
The scary part?
The weekend has just started.
Low liquidity and a weak market structure can create aggressive moves when people least expect them.
Right now, the chart is starting to suggest that the market may be preparing for a move toward the $55K-$50K region.
I'm not saying it will happen tomorrow.$NVDAB $BTC
That's exactly what worries me.
$BTC doesn't look healthy here.
Price keeps getting rejected below the $60.6K area, buyers are struggling to regain control, and every relief bounce is getting sold into.
The scary part?
The weekend has just started.
Low liquidity and a weak market structure can create aggressive moves when people least expect them.
Right now, the chart is starting to suggest that the market may be preparing for a move toward the $55K-$50K region.
I'm not saying it will happen tomorrow.$NVDAB $BTC