$BTC ❗ BIG LOCAL ANALYSIS So, we jumped into some positions on the livestream - now let’s break down the situation with Bitcoin. What do we currently see on the chart: - A double top on the 4H and daily timeframes, and a head-and-shoulders pattern playing out on the 1H with a sweep of all longs from April 22 + a very weak 4H close and potentially the same for the daily TF, but the trend is still intact on the daily (it only breaks below 73,800). - Fresh equal WEEKLY highs at 79,404 across major exchanges and the long structure remains intact with negative funding. 📍So the situation is this: if you’re afraid of a drop (which, to be fair, looks like a healthy cooldown in an uptrend), feel free to close your positions and wait. This is what we’ve been expecting since the previous analysis - so the pullback isn’t a surprise, and there’s still room to drop (for example, the 74,900 level). The only thing is, I think we might see a local high update to hunt short players stop losses before we see a real drop. So the short squeeze is quite possible. That’s the situation for now. While I wait for resolution I continue longing some pumpy coins 👇 $JASMY $RAVE