Bitcoin / TetherUS
Short
Updated

BTC in trap area before testing bottom again

4 313
BTC / USDT

This might seem like a breakout to many , but to me, Bitcoin doesn't typically exhibit simple breakouts like this; it looks more like a liquidity zone or a trap. News about wars and energy in the Middle East is also a catalyst.

What next ?
I see we'll retest the bottom of the horizontal blue channel, or even go lower at the 50k level.

The longer it stays here in sideways move, the steeper the fall will be…Agree ?
Trade active
After 1 day from sharing my post
BTC price drooped from 73k to 69k 🔥
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