Notice how Bitcoin breaks below previous lows (circled) and then gets back above them?
I like that.
What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.
It has attempted twice and failed both times. This indicates weakness.
From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.
Target:
I never liked this crypto shit anyway.
I like that.
What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.
It has attempted twice and failed both times. This indicates weakness.
From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.
Target:
I never liked this crypto shit anyway.
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