🚀 $BTC Technical Analysis: Is a Deep Shakeout Coming?
Bitcoin is at a crucial decision point. Here is what the daily chart is telling us:
Bull Trap Ahead? Price may fake a breakout above $66K towards $72K before facing strong rejection.
Tactical Long Zone ($61.2K - $62.5K): Key 0.5–0.618 Fib retracement level for a quick bounce play.
Ultimate Bottom Zone ($38K - $44K): If support breaks, the major green demand zone below will be the final accumulation range for the next macro leg up.
⚡ Strategy: Keep tight stop-losses on short-term longs and keep cash ready for the deeper dip!
#BTC #Bitcoin #CryptoAnalysis #BinanceSquare #CryptoTrading #TechnicalAnalysis #BTCUSDT #CryptoNews
so be careful traders ....
Bitcoin is at a crucial decision point. Here is what the daily chart is telling us:
Bull Trap Ahead? Price may fake a breakout above $66K towards $72K before facing strong rejection.
Tactical Long Zone ($61.2K - $62.5K): Key 0.5–0.618 Fib retracement level for a quick bounce play.
Ultimate Bottom Zone ($38K - $44K): If support breaks, the major green demand zone below will be the final accumulation range for the next macro leg up.
⚡ Strategy: Keep tight stop-losses on short-term longs and keep cash ready for the deeper dip!
#BTC #Bitcoin #CryptoAnalysis #BinanceSquare #CryptoTrading #TechnicalAnalysis #BTCUSDT #CryptoNews
so be careful traders ....