Bitcoin is gearing up to drop to $50-55K:
Hey everyone!
As you’ve probably noticed, this week altcoins and meme markets have been falling aggressively, including names from Murad’s list like SPX.
➖ The broader market also shows signs of a downturn. If you check monthly charts for the Dow Jones, S&P 500, and other indices, they’re aligning for a drop.
➖ The catalyst could be anything — from the wildfires in California to a potential strike by Iran on Israel.
Take note of the prepared orders on Coinbase targeting $50-55K.
➖ Binance’s BTC/USDT Liquidation Heatmap over the past 6 months (Model 3 from CoinGlass) also highlights liquidation interest in this area.
When you put all the pieces together, the odds favor a drop. Market makers would likely want to shake out recent buyers of altcoins, meme coins, etc., before any significant rally.
Avoid leverage or futures trading — it’s the easiest way to lose your deposit in this environment.
No Financial Advice, Do Your Own Research.
