Based on the historical bullrun pattern we see a new start of a bull run in 2024.
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Still going on the correct route.
BTC In my opinion, this is being distribution above 30k. Whales are distributing especially at 31K, adding and selling a lot of supply.
First bearish confirmation would be a clean break of $29,500. Main bearish confirmation is a clean break below $25,000. Main target remains 12k.
BNB Crazy spoofing on BNB to sell from higher. I guess the whales know what is coming.
What I see more: -High timeframe hidden bearish divergences right above main support. -Corrective pattern. -Strong supply (distribution) -More bad news still to come.
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Do not forget, because this is a LONG Idea in the LONG RUN. Does not mean we first go to a last BULL RUN.
First step in the chart: - We have passed the number (1), this is the first Bullish sequence after a bear season. - Now we are heading to number (2) which will build up by an ABC Complex. As we have seen earlier in Dec '19 till March '20.