🔥 $BTC — Falling Wedge Breakout, But Resistance Is Here
After the strong breakout from the Falling Wedge, BTC is now trading right around a major resistance zone at $70,500–71,500.
This is also the Bear Flag resistance I talked about in my Sunday video. Historically, market makers can push price above the Bear Flag resistance with a wick and trap late buyers before reversing.
So yes, a bull trap above this zone is also possible.
🔴 Key Resistance Zones:
• $71,400–71,855
• $72,500–73,800
I’m watching how BTC reacts around $69.5K–70.5K before expecting the next major move.
Trade Here 👇🏻
After the strong breakout from the Falling Wedge, BTC is now trading right around a major resistance zone at $70,500–71,500.
This is also the Bear Flag resistance I talked about in my Sunday video. Historically, market makers can push price above the Bear Flag resistance with a wick and trap late buyers before reversing.
So yes, a bull trap above this zone is also possible.
🔴 Key Resistance Zones:
• $71,400–71,855
• $72,500–73,800
I’m watching how BTC reacts around $69.5K–70.5K before expecting the next major move.
Trade Here 👇🏻