ðĨ Bitcoin Bears Still In Control Until THIS Happens ðĻ
Over the last weeks I've been relatively bearish on Bitcoin. My main point was that BTC is trading in a parallel channel, where the top resistance is a copy of the bottom support.
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! ð
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! ð
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ðTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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