Will The Market Go Up Or it is just a BullTrap?
Date- 28th May, 2021
Today, Bitcoin Again rejected the $40k resistance and we got a bounce from $35.2k level.
As of now, it seems like a normal up and down movement that market is making.Some people may also think this is because of Monthly Option Expiry.
Both of them may be correct.
As we all know currently,we are in a bear market. Until Bitcoin breaks $42.5k zone with a nice volume and conform our support.
Personally, I think We are heading towards a another pullback of 28k. Which is not good for alts holders.
As alts will bleed heavily.
But, we must take benefits out of it. By buying the dip and putting stoploss as soon as we hit 50-60% in profits and Enjoy the ride if it goes up more.
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