First of all, $BTC fully repeats the 2022 cycle when the bear market started. We saw rejection, bull trap and finally, a huge dump. Now, the chart repeats.
Second, whales are selling millions of crypto over the past few weeks. Wintermute, BlackRock and others are dumping millions worth of $BTC , $ETH etc. 🐳
And for conclusion, Bank of Japan is set to hike rates +25 bps on Dec 19. Every BoJ rate hike $BTC dumps -20-30% 📉
BITCOIN 4H analysis $BTC Bulls are refusing to back down Price has tried multiple times to break above the EMA200 And this time it might actually do it
If we get a clean break above the EMA200 The entire structure flips bullish And longs become the main focus
why do longs always get trapped? $BTC $ETH $SOL When the market is in a downtrend the long traders get trapped the most That is why short traders make more money in this phase