Bitcoin Is Not for Beginners. This Is Where Smart Money Wins
Something changed on the $BTC chart… and most people missed it. This is where smart money gets active and retail gets confused The $BTC chart shows a market that has moved from a strong uptrend into a phase of indecision. The price action inside the ascending channel was solid, but the double top near the $79,500 level suggests that buyers are losing the strength to push higher. When a double top forms at the top of an ascending channel, it usually means the trend is getting weaker. The breakdown from the consolidation zone is a negative sign, as it shows that the support level, which should have held, is now being controlled by sellers. Going forward, the green zones are important areas to watch. If price manages to hold there, it would mean buyers are still active and the overall trend can continue. But if price breaks below these levels with strength, it likely means sentiment has shifted and a deeper correction could follow. In this situation, patience is key. It’s better to wait a...