BTC$BTC $BTC 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.
I'm saying the risk is increasing while many traders are acting like everything is fine.
This is not the time to go all-in on every dip.
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.
I'm saying the risk is increasing while many traders are acting like everything is fine.
This is not the time to go all-in on every dip.