📉 Key Observations:
Resistance Zone (Purple Box): Price has tested this area and faced rejection.
Bearish Projection (Gray Box & Arrow): The chart anticipates a drop towards the $76,800 - $77,000 range.
Liquidity Grab? Price might consolidate before a sharp decline.
⚠️ Possible Scenarios:
Rejection Confirmation 🔻: If BTC fails to reclaim $84,470, selling pressure could increase.
Breakout Fakeout? 🤔: A deviation above resistance followed by a dump remains a risk.
🎯 Levels to Watch:
Resistance: $84,470 - $85,078
Support: $80,000 and $76,825
🔥 Final Take: If BTC struggles below resistance, a short setup could play out. Confirmation is key!
Resistance Zone (Purple Box): Price has tested this area and faced rejection.
Bearish Projection (Gray Box & Arrow): The chart anticipates a drop towards the $76,800 - $77,000 range.
Liquidity Grab? Price might consolidate before a sharp decline.
⚠️ Possible Scenarios:
Rejection Confirmation 🔻: If BTC fails to reclaim $84,470, selling pressure could increase.
Breakout Fakeout? 🤔: A deviation above resistance followed by a dump remains a risk.
🎯 Levels to Watch:
Resistance: $84,470 - $85,078
Support: $80,000 and $76,825
🔥 Final Take: If BTC struggles below resistance, a short setup could play out. Confirmation is key!
Trade active
🚨 Bitcoin (BTCUSD) Hits $80K – What’s Next? 🔥
BTC just tapped the $80,000 mark, aligning perfectly with the anticipated bearish setup. 🎯
📉 Bearish Scenario:
Rejection from the $84,470 resistance zone.
Potential drop towards $76,800 - $77,000 support area.
💎 Bullish Trap Possibility:
A fake pump above $84K to grab liquidity before a deeper correction.
🔍 Key Levels to Watch:
Support: $78,000
Resistance: $83,200
🔥 If BTC fails to reclaim
82K, expect a deeper flush. Otherwise, a reversal might surprise the bears.Stay sharp, fam! 🧐
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JOIN MY TELEGRAM CHANNEL
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Related publications
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.