Bitcoin Bounce Fails — Short-Term Bullish Thesis Broken
I expected Bitcoin to bounce and run, but instead it moved down sharply.
This invalidates my short-term bullish thesis and highlights that the market remains volatile; price action matters more than hope.
I will wait for clear support confirmation or a reliable reversal pattern before re-entering or adding to longs.
Analysis
Bitcoin failed to produce the anticipated bounce, suggesting sellers remain in control near recent highs; monitor key support levels and volume for confirmation before assuming momentum has shifted.
Recommendation
I won't buy into this weakness; wait for confirmed support and improved market structure or consider trimming exposure until a clearer bullish signal appears.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.