BTC:EXPECTING A LAST DROP BEFORE GO UP FURTHER!

2022年3月13日

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Welcome to this BTC/USDT update. First of all congrats our last scalp trade setup(GALA/USDT) did amazing and gave us more than 130% profit. In my previous update, I told you that BTC can pump but since yesterday it is not showing any positive move and still trading near the 39K level. IMO we might see the last drop before a new rally.

According to the 4hr chart, BTC is trading inside a channel. BTC is still trying to break 50ma but is unable to break it.

Also, this week Fed can hike 25% rates and show an aggressive stance which might bring some selling pressure.

So IMO we might see the last drop before we further go up. If somehow BTC breaks and closes above 42K then this scenario becomes invalidated.

If you are in some leverage positions then try to book some profit or keep your SL near your entry point. IMO this is the best time to accumulate some good altcoins on the spot so focus on it.


Do you think we can see a drop from here?
Or a pump from here?
Share your views in the comment section.

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Thank You!