Guys, I’ve analyzed the #Bitcoin situation, and here are my conclusions:
📊 1. Bitcoin is preparing for a move – The price is currently in a key support zone ($96,150–$94,700), and many traders are waiting for confirmation before entering long positions.
🔥 2. Bulls are gaining strength – Bullish patterns such as the Morning Star and Descending Broadening Wedge are forming, indicating a potential upward movement.
⚠️ 3. Risk management is crucial – Some traders have already lost money due to premature entries without confirmation. It’s better to wait for a clear signal.
💥 4. Whale liquidations – During the recent drop, a major player lost $14.42M in $WBTC , highlighting the market’s high volatility.
🌍 5. Positive global outlook – Hong Kong is actively developing as a crypto hub, which could positively impact Bitcoin’s regulation and adoption.
📌 Conclusion: The market is showing signs of strength, but patience and proper confirmation are key. Do you think $BTC will break out soon? 👀👇