WATCH OUT for Possible Short-Term DOWNTREND Scenario

Just my opinion, I can see bitcoin needs a little more rest but anything is possible in a bull market. I wouldn't short in a bull market personally, too risky, and 40% drops aren't guaranteed this run with all the new money coming in.

Watch out for this move, if BTC fails to break 67-70k RANGE imo we could have further reversal temporarily to the downside to reset the market a bit before the halvening. This could happen pretty soon.

Temp Setup: 53k-51k.
ATH 2024 Q4 to 2025 Q1: 180k USD

These are just my opinions, and not financial advice.
Good luck everyone, wish you the best!

Comment:

Quick reminder: If we break up this post is invalidated for now, we will moon.
If we don't break the range above we will follow down.

Comment:

Well we hit 71k and dropped back down to 69k, very interesting moves by BTC. I'm not completely 50/50 on what's going to happen next. I have a slight feeling we will go up from here as April arrives.

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Down we go! Took way longer than it should have.