Bitcoin Bearish Scenario

8월 13일

Notice how Bitcoin breaks below previous lows (circled) and then gets back above them?

I like that.

What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.

It has attempted twice and failed both times. This indicates weakness.

From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.

Target:

I never liked this crypto shit anyway.