$BTC STILL AT RISK OF A DROP TOWARDS $50K 🛑
The daily trend is still pointing lower and the last few bounces have failed to hold momentum. Each rally gets sold into quicker than the one before — that’s not a sign the bottom is in yet.
If $50K breaks, $40K becomes a real target. That’s a 20% drop from here, and with volume drying up on the way down, bears are in control right now. What price are you watching for a potential bounce?
Not financial advice. Always manage your risk.
#BTC #BearishSetup #Bitcoin #Crypto
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The daily trend is still pointing lower and the last few bounces have failed to hold momentum. Each rally gets sold into quicker than the one before — that’s not a sign the bottom is in yet.
If $50K breaks, $40K becomes a real target. That’s a 20% drop from here, and with volume drying up on the way down, bears are in control right now. What price are you watching for a potential bounce?
Not financial advice. Always manage your risk.
#BTC #BearishSetup #Bitcoin #Crypto
⚡