Bitcoin's price action is painting an interesting picture right now—we're looking at a bearish pennant setup nestled inside a larger downtrend. That's the kind of pattern that demands respect.



Here's the thing: rushing into trades at inflection points rarely ends well. What makes more sense for most traders? Hold your ground, stay alert, and let the market telegraph its next move. Better to catch confirmation of direction into the new year than get caught off guard.

The smart money typically waits for the setup to validate. Patience isn't boring—it's profitable.

Catch you next trading session.
BTC0,22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SnapshotDayLaborervip
· 6h ago
Wait for the breakdown before taking action. Those rushing to buy the dip are all cannon fodder.
View OriginalReply0
LiquidationTherapistvip
· 6h ago
Wait, you said bearish pennant, but I can't see it. Are you just hyping it up again?
View OriginalReply0
MEVSandwichvip
· 6h ago
A bearish flag pattern, huh? We'll have to wait for it to reveal itself this time. Don't rush to buy the dip.
View OriginalReply0
VitalikFanAccountvip
· 6h ago
Wait for the breakdown confirmation before acting, don't listen to those shouting traders' nonsense.
View OriginalReply0
HashRateHermitvip
· 6h ago
It's the same old tune... I'll wait for confirmation before acting. I really like this safe approach.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)