🔥Bitcoin's Perfect Storm: Be Watchful Here!🚨

🚀As expected, Bitcoin is continueing the bull-trend, fueled by ETF optimism. However, with the whole market turning bullish, I'm taking a step back.

🔴My target for this move from 26k was 48k, as often mentioned in my analyses. It seems a matter of time before 48k will be hit, especially once the #ETF actually get approved and traders market buy their way in with >50x leverage.

👉In my most recent #BTC analysis I wrote that I'm edging towards the expectation that the whole #ETFapproval will be a sell-the-news event. Check it out below.

🔴As BTC moves up, it's going to hit 2 major resistances at the same time.

👉1: 48.000, which is the main #resistance before the ATH.

👉2: The top of the bullish symmetrical channel.

🛑I would not be buying at this point.

✨Nevertheless, I'm happy to be proven wrong. Once we confidently break through 50.000 I will switch back to a more #bullish oriented market view. For now, I'm sitting on my hands✨

🙏🏿Show Your Support🔥

🙏🏿If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. 🙏🏿