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Bitcoin / TetherUS PERPETUAL CONTRACT

The Dump Go Choke on Bitcoin Bulls says Bitcoin Gorilla

By MachiavelliTrader
Updated
This is a simple straight forward analysis on bitcoin, Can these bulls escape these bears plan , I talked about this 68K we hit way back in March , Yyou can read it here
BTC: Makaveli🦍& The Bitcoin Bulls,Next TA $68k, But Beware of..

It played out real good from our support of 38k. but I saw a dump which I also have been warning to wait to buy it cheaper. the current ATH seem like a trap to me so I have made a cohort video to explain my opinion better using my Box strategy
Note
BTC made its way to the first support of 58k area, I do expect a bounce here because this is daily support and buyers are likely to get a win that will push them up. How far can they go?
I do see a previous broken support area of 64k all the way to 66k becoming the new obstacle that could lead to a second leg down to 54k this time.
snapshot
Note
This only means that from this point, expect the bear market structure of lower highs and lower lows to start printing more.
Note
Currently, we see the bear pressure growing on the current 4hrs support. These buyers are facing serious stop-loss. I see the bears adding more force to break the support I thought could bounce., this support will break down if they continue this strong push. But then if the buyers are able to hold, it will turn out to be a spring. If the bears succeed, I see anywhere from 52k to 48k next
Note
BTC made it to 54k support. This support ranges from 54k to 52k at this point, According to my box strategy, I do expect to see to 58k, If the bulls are able to get above the 58k they will see 64k again before further dump occur
Chart PatternsTrend Analysis
MachiavelliTrader
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