Let's discuss the market outlook.
Will #Bitcoin❗ continue its upward trajectory?

Yesterday, we examined the 5W7 resistance pullback to 5W4, which has aligned with our expectations so far. I believe there's potential for further gains, but $BTC
needs to establish a solid foothold above $58,500.

This level must surpass previous highs; otherwise, we could see the formation of a small double top, leading to a pullback. It's wise not to rush into long positions just yet—wait for a strong, clear signal before making a move.

Regarding Ethereum, we cautioned yesterday about the potential panic caused by large-scale currency transfers, and indeed, its decline was more significant than Bitcoin's. If you're holding ETH, you might have made a smart move.

Additionally, we're hosting a giveaway of 200 USDC, where 10 lucky winners will receive 20 USDC each. Participating is easy—just click the quote comment button below this post, share your thoughts on the current market trend, and you’ll be entered into the draw for a chance to win.

Disclaimer: This post may include third-party opinions and does not constitute financial advice. Sponsored content may also be present.

#BTC☀ #Write2Earn! #BullBanter #MarketDownturn