Do you also think $BTC may be about to see a pullback? I still believe BTC will see a correction from here, for the following reasons:
BTC is still near a resistance level and has continued to be rejected in the resistance zone.
During the rise from $60K → $80K , we saw continuous ETF buying, while the price kept rising.
But now ETFs have been buying for two consecutive weeks, yet the price has remained range-bound. What does this indicate?
This means that someone in the market may be continuously selling, and the selling pressure may exceed the collective buying from ETFs.
Therefore, once ETFs stop buying for 2-3 days, the market may see a significant decline. Even a small amount of ETF selling could easily push #BTC back toward $71K .
The latest data is also unfavorable for BTC.
Considering these 3 points together, we can conclude that the probability of #Bitcoin continuing to fall from here is increasing.
Rather than regret it later, it is better to take action now…
BTC is still near a resistance level and has continued to be rejected in the resistance zone.
During the rise from $60K → $80K , we saw continuous ETF buying, while the price kept rising.
But now ETFs have been buying for two consecutive weeks, yet the price has remained range-bound. What does this indicate?
This means that someone in the market may be continuously selling, and the selling pressure may exceed the collective buying from ETFs.
Therefore, once ETFs stop buying for 2-3 days, the market may see a significant decline. Even a small amount of ETF selling could easily push #BTC back toward $71K .
The latest data is also unfavorable for BTC.
Considering these 3 points together, we can conclude that the probability of #Bitcoin continuing to fall from here is increasing.
Rather than regret it later, it is better to take action now…
