๐ธ
Bitcoin is currently holding above $85K, but the structure suggests a potential trap for late bulls. A fake rally to $90K-$99K is on the cards before a major dump.
๐ธ Key Resistance Zone: $90K-$99K
BTC could see a quick move up to trap breakout traders.
A failure to sustain above $90K will confirm this as a liquidity grab.
Smart money may be looking to offload positions before a deeper correction.
๐ธ Support Levels to Watch:
If $85K fails, BTC is likely heading towards $80K, then $75K.
Breaking below $75K opens the doors to $72K, then $60K.
$72K is a critical levelโif it fails, expect $50K-$60K range.
๐ธ Risk Level at $85K Breakdown
Losing $85K = High probability of a correction.
Fake pumps usually come before major dumps.
๐ธ Action Plan:
โ Short at $90K-$99K rejectionโtargets at $85K, $80K, and $75K.
โ Look for confirmation before longingโif BTC fails to hold $85K, avoid longs.
โ Scalp traders can take advantage of the pump, but risk is high.
โ Mid-term traders should wait for BTC to either reclaim $100K or drop into the $70K-$60K range for better entries.
๐จ The market is setting up for a liquidity grabโdonโt get caught on the wrong side. If BTC pumps rapidly to $90K-$99K and struggles, expect a major rug pull. Stay cautious.
Bitcoin is currently holding above $85K, but the structure suggests a potential trap for late bulls. A fake rally to $90K-$99K is on the cards before a major dump.
๐ธ Key Resistance Zone: $90K-$99K
BTC could see a quick move up to trap breakout traders.
A failure to sustain above $90K will confirm this as a liquidity grab.
Smart money may be looking to offload positions before a deeper correction.
๐ธ Support Levels to Watch:
If $85K fails, BTC is likely heading towards $80K, then $75K.
Breaking below $75K opens the doors to $72K, then $60K.
$72K is a critical levelโif it fails, expect $50K-$60K range.
๐ธ Risk Level at $85K Breakdown
Losing $85K = High probability of a correction.
Fake pumps usually come before major dumps.
๐ธ Action Plan:
โ Short at $90K-$99K rejectionโtargets at $85K, $80K, and $75K.
โ Look for confirmation before longingโif BTC fails to hold $85K, avoid longs.
โ Scalp traders can take advantage of the pump, but risk is high.
โ Mid-term traders should wait for BTC to either reclaim $100K or drop into the $70K-$60K range for better entries.
๐จ The market is setting up for a liquidity grabโdonโt get caught on the wrong side. If BTC pumps rapidly to $90K-$99K and struggles, expect a major rug pull. Stay cautious.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.