$BTC Today we see Bitcoin is starting to be topping out and beginning a reversal.



I have been a bit unsure in the last few days and I preferred waiting on the sidelines rather than jumping into trades.

Now it seems the big fakeout and V-shaped recovery is unlikely.

Either way, if we keep grinding down, we should see an interesting pattern form on Bitcoin and have at least something that we can trade.

The next big move might take a few weeks though.
BTC-2.66%
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GateUser-57ab9c02
· 2h ago
The bottoming market tests patience the most; manage your positions well.
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GateUser-04e4dac2
· 2h ago
Sidelines players indicate a calm mindset
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DegenWithNotebook
· 2h ago
Waiting and watching is the right approach; this top structure is indeed frustrating.
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OrigamiMountainsAndRivers
· 2h ago
There is no fakeout, indicating that the bullish momentum has truly weakened.
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YieldYogi
· 2h ago
V pattern is gone, so we can only wait for the formation to emerge and see.
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ProofOfVibes
· 2h ago
In a few weeks, just focus on having a peaceful New Year first.
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TheHotAirBalloonRisesAboveThe
· 2h ago
Wait for a clear structure before entering the market, no rush in these few weeks.
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