👀 I want to see BTC create a positive feeling before falling further. And that is usually when the price breaks above the downtrend line, making many people think that the trend has reversed → start entering buy orders.
But in reality, it's just a false breakout – the price slightly breaks above then sharply reverses downward. Ultimately, it only creates a lower high on the larger timeframe, continuing the downtrend.
In summary: Don't be too optimistic if BTC breaks the trendline. It might just be a fake rally before a further drop.
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👀 I want to see BTC create a positive feeling before falling further. And that is usually when the price breaks above the downtrend line, making many people think that the trend has reversed → start entering buy orders.
But in reality, it's just a false breakout – the price slightly breaks above then sharply reverses downward. Ultimately, it only creates a lower high on the larger timeframe, continuing the downtrend.
In summary: Don't be too optimistic if BTC breaks the trendline. It might just be a fake rally before a further drop.
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