Just a short update with possible scenario
After two failed attempts to break out the local descending channel, the price dropped by approximately 37% from the latest peak and around 26% from the most recent wick into the support zone.
If this pattern repeats again, the price could potentially move down toward 50k USD.
Of course, you shouldn’t expect Bitcoin to reach a marked level perfectly. Market makers tend to condition traders to act in certain ways over time and once vigilance drops, things often move against expectations.
That’s why I always say - be cautious with futures trading.
You need to have a Plan B and be prepared for scenarios where the market doesn’t follow your initial assumptions.
After two failed attempts to break out the local descending channel, the price dropped by approximately 37% from the latest peak and around 26% from the most recent wick into the support zone.
If this pattern repeats again, the price could potentially move down toward 50k USD.
Of course, you shouldn’t expect Bitcoin to reach a marked level perfectly. Market makers tend to condition traders to act in certain ways over time and once vigilance drops, things often move against expectations.
That’s why I always say - be cautious with futures trading.
You need to have a Plan B and be prepared for scenarios where the market doesn’t follow your initial assumptions.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.