Bitcoin Needs Correction!!!
2024-10-12

As I had expected in the ✅ previous post ✅,  Bitcoin  started to  pump  after a  Bear Trap .

 Bitcoin  is currently moving in the  Resistance zone($63,470-$62,340)  and near the  upper line of the Descending Channel , and  200_SMA(Daily) .

I expect  Bitcoin  to drop to at least the  Support zone($61,840-$61,450) .

 ⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️ 

 ⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️ 

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

 🔔Be sure to follow the updated ideas.🔔 

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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