Bitcoin breaking this 10-year wedge will trigger the largest liquidation cascade since the FTX crash.
I wouldn’t bet on this support line holding again.
You don’t want to be left holding the bag when it breaks down.
Bitcoin Update
"If it looks like a duck and smells like a duck, it's probably a duck."
Are Wyckoff distribution schematics in play?
The next few trading days are critical. Bitcoin must recapture and hold 108k for several days. If it forms lower highs and lower lows, it's game over.
Hope this helps.
Bitcoin Social Media Sentiment
My god. I thought maybe social sentiment had increased since last month, but it's even lower than before!
This is as low, or lower, sentiment than BEAR MARKET BOTTOMS! Except BTC is in ATH range. 🤯 Let that sink in.
It means the market hasn't topped yet. There has been no euphoria to form a proper sentiment top.
Chart from @benjamincowen. Text is my own.