Jimmy 米哥 🚀🚀🚀
Jimmy 米哥 🚀🚀🚀|Feb 22, 2025 12:36
The logic behind BTC here is very clear and simple. On Thursday and Friday, after Bitcoin broke through the pressure zone at the upper edge of the downward channel, the entire chart seemed to look very good. Everyone entered the bullish market at 98-99k, and then a black swan came and directly pushed the price back into the structure. Many people are still trapped in the 98-99 state here, creating a false breakthrough to attract more. The first step is usually to fall back into the structure after a false breakthrough induced bullish trend, and the second step is to follow the trend and fall below a certain support level to capture the liquidity of the panic market. Yesterday's downward trend neither reached a new low nor fell below a certain large point before rebounding, so it is believed that there was not a sufficient decline. Below, I see below the red trend line, as many people consider it as support. If it falls below it, it will break through the defenses of many traders, causing everyone's emotions to turn short and completing the local bearish lure again. When it reaches 91-92k, 80k will become the mainstream voice on the market, making it the perfect bearish trap. At this point, there is a higher possibility of reaching the liquidity zone of 102-103k. Stay vigilant and strictly control your position. 🔗🌲: https://linktr.ee/ricetoshi
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