Bitcoin is in a very delicate position right now.
After a continuous decline on the daily chart,
it has started to slowly move along an "elevated bottom".
The question arises—
Is this a bottom formation, or a continuation of the downtrend?
The current position is just stuck on a key trend line,
and once it breaks below, the market will directly treat this as a "false support".
Adding to that the recent macroeconomic and geopolitical uncertainties,
the sentiment is just one bearish candle away from being ignited.
What comes next will not be a fluctuation,
What are the odds, you guess it!