Bitcoin(BTC): Candles Are Not Looking Good!

[Agarwal]

Hey fellow traders,

As we step into the final week of the month, all eyes are on Bitcoin's recent movements, especially around the newly breached All-Time High (ATH) zone.

It's undeniable that we're witnessing some concerning signs near this pivotal area. Over the past three weeks, the candles have painted a rather bleak picture, with each successive week seeing a decline. Last week particularly stood out as we witnessed the re-test breaking and the candle closing in the red.

Now, as we enter this week, it's fair to say that this could be a make-or-break moment for many of us in the trading community.

If Bitcoin fails to hold above the breached zone this time around, it's highly likely that we'll witness a significant downward movement. This could entail a reclaiming of all the Former Value Gap (FVG) zones at lower levels, potentially setting off a scenario akin to a "free fall."

The stakes are high, and the next few days will be crucial in determining the direction of Bitcoin's trajectory.

💬 Drop your thoughts and insights below. What's your take on Bitcoin's current candle movements?

Let's keep the discussion going and navigate these uncertain waters together.

Happy trading!