If we look at the worst-case scenario for BTC, it would be to measure the potential maximum drop from this short term bear flag/rising wedge based on the depth of the opening of the pattern- we would see around 35% drop. This will land us at the next lower support, ranging between 25k and 23k.
I personally feel this scenario is unlikely, but we have to consider that a MM might not want to let the opportunity pass to potentially drive the market down while fear is still high and hands are growing weak. I think there is conflict between groups of MM and whales, some who want to see the bull market continuation and others who want to dump it more for cheaper Bitcoin.
I personally feel this scenario is unlikely, but we have to consider that a MM might not want to let the opportunity pass to potentially drive the market down while fear is still high and hands are growing weak. I think there is conflict between groups of MM and whales, some who want to see the bull market continuation and others who want to dump it more for cheaper Bitcoin.