cryptodream

#BTC Overview 👀

Currently, Bitcoin's outlook appears quite precarious, with numerous indicators pointing to the potential for a deep correction.

Key factors include:

A bearish divergence on the hourly timeframe that remains unbroken.
The formation of a Head and Shoulders pattern (with the right shoulder slightly higher than the left).
Price compression near the sloping support level.
I believe the market needs a cooldown, making long positions on altcoins a particularly risky move at the moment! ⚠️