$BTR ALERT: The Dead Cat Bounce is Here! Is 0.046 Next?
The market just gave us a massive wake-up call on Bitlayer ($BTR ). After a brutal 40% liquidation wick, we are seeing a classic "relief rally"—but don't let the green candles fool you.
THE SHORT SETUP
Entry Zone: $0.0880 – $0.0930 (Wait for the bounce)
Target 1: $0.0720 (Quick 20% Move)
Target 2: $0.0650 (Key Support)
Moon Bag: $0.0480 (Retest of the Wick)
Stop Loss: $0.1020 (Above the local recovery high)
The Technical Reality:
The Rejection Zone: BTR is currently struggling to reclaim the 0.085 - 0.092 area. This was previous support and is now a "Heavy Ceiling" (Resistance).
Volume Exhaustion: The buying volume on this bounce is significantly lower than the selling volume during the crash. This signals a lack of conviction from the bulls.
Targeting the Lows: If we fail to close a 4H candle above 0.095, the path of least resistance is back down to test the 0.065 support and potentially the 0.046 "Crash Low."
⚠️ Pro Tip: High volatility means high risk. Keep your leverage low (3x-5x max) and protect your capital!
What do you think? Is $BTR going to recover or is this the beginning of a deeper dive? 👇 Drop your thoughts below and FOLLOW for more Alpha!
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