Bitcoin's Volatility Continues: Trader Warns of Explosive Developments and Potential Deeper Correction

A trader who successfully rode the crypto rally this year warns that Bitcoin could experience a sell-off event as it struggles to break above the $30,000 level. The trader points to multiple headwinds, including resistance in the S&P 500 and ongoing issues at Binance, as potential catalysts for a significant downturn. However, the trader remains bullish on Bitcoin in the long term and sees any dips as buying opportunities. Caution is advised in the $30,000 to $32,000 range.