Good morning everyone,
About yesterday:
👉 Yesterday morning, $BTC faced a false breakout on the 15m chart support level, raising the support level to 41200. Then, I mentioned that BTC would soon rise above 41600, but it reached a maximum of 41578 with a false breakout on the 5m chart resistance at 41345. So, anticipating a drop, I suggested a short position at the resistance level of 41345. After three false breakouts, BTC dropped below the 5m chart support level at 40718 and also broke it. I expected BTC to drop below 40000-39800, but it dropped to a maximum of 40334.
👉 During that time, BTC faced a false breakout on the 15m chart support level, so I anticipated another rise until 41000. This happened, and I did not share this information to avoid confusion for everyone.
Today:
👉 Last night, before going to sleep, I provided RS Levels on the 5m chart. Now, I can see a false breakout on the 5m chart resistance at 41515. BTC faced some fake pumps until 42197; this manipulation happened due to BTC ETF trading. It then dropped to 41458. Let's see the current BTC analysis.
👉 As per the 5m chart, BTC faces a resistance level at 41988 and a support level at 40373. A new support level will be created within 2-4 hours because BTC is currently facing temporary bearish momentum and a strong bearish phase, making it highly possible to create a new support level. The support level will be created within the price range of 41500-41100.
👉 As per the 15m chart, BTC is facing a new resistance level at 42158 and a support level at 40855.
👉 If anyone has a short position, keep holding your position. Yesterday's BTC pump was entirely fake, likely due to BTC ETF trading manipulation, preventing BTC from rising further and facing false breakouts on the resistance level.
👉 Always trade with enough funds and proper risk. I always suggest setting up your liquidation price above a $2000-$3000 price range.
Please wait for any confirmation; if I receive one, I will share it.
Author : @Future Trading Expert - Tamil Nadu (For All) BXT
