If BTC/USDT rises from the current $82,500 level to the $90,000 zone but fails to hold it, it would indicate a [u]bull trap[/u]. Such a scenario could trigger continuation of selling pressure, leading to a fast and sharp rejection.
After losing the $90,000 resistance, BTC would likely revisit the $82,500 support zone. If this level breaks, it could accelerate the decline towards the next major support at $76,000. Failure to stabilize here would open the door for a deeper correction to the $70,000 area, where stronger demand could potentially be found.
🚨 Key Signals for Breakdown:
High Volume Rejection at the $90,000 zone.
Bearish Divergence on higher timeframes.
Lack of continuation after the initial breakout, indicating weak buying interest and selling pressure.
⚠️ Risk Management Tips:
Tight stops on long positions near $90,000.
Consider stepping into shorts if rejection patterns appear. With stopl losses!
This is pessimistic scenario and hopefully, we wont see it happening!
After losing the $90,000 resistance, BTC would likely revisit the $82,500 support zone. If this level breaks, it could accelerate the decline towards the next major support at $76,000. Failure to stabilize here would open the door for a deeper correction to the $70,000 area, where stronger demand could potentially be found.
🚨 Key Signals for Breakdown:
High Volume Rejection at the $90,000 zone.
Bearish Divergence on higher timeframes.
Lack of continuation after the initial breakout, indicating weak buying interest and selling pressure.
⚠️ Risk Management Tips:
Tight stops on long positions near $90,000.
Consider stepping into shorts if rejection patterns appear. With stopl losses!
This is pessimistic scenario and hopefully, we wont see it happening!
Trade closed: target reached
Textbook trap worked out perfectly touching both zones and ending with BTC reaching 74.5k
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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.