#BTC In the past week, there was widespread bullish sentiment, with many people creating FOMO through their imaginary trend lines on charts. But look at our current situation. Those so-called technical experts who were once extremely bullish are now turning bearish and again sketching their charts with unrealistic lines. In the world of crypto, technical analysis often proves to be just a figment of imagination; anyone can draw their own trend based on personal expectations by adjusting the time frame. It's a 50/50 chance that they might get it right, and if they do, they flaunt it and label themselves as experts.The most reliable technical analysis comes from observing market sentiment: when everyone is bullish and creating FOMO, that's usually a sign to expect a dump. Conversely, when everyone is bearish, it's wise to anticipate a pump. This recent dump is a perfect illustration; just last week, everyone was projecting prices of $70k. $BTC $ETH $SOL

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Bullish
44%
Bearish
56%
41 votes ‱ Voting closed