$BTC
$RSR
$SKL
đ¨ BITCOINâS RELIEF RALLY COULD BE THE PERFECT BULL TRAP.
I warned that $BTC could face rejection near $87,000, followed by a significant decline. Since then, Bitcoin has been consolidating between $80,000 and $84,000.
The price action is worth watching, but the risk of a bull trap remains.
đ MY BEARISH ROADMAP:
$84K â $75K â $62K â $52K
A temporary recovery doesnât necessarily signal a trend reversal. If buyers fail to reclaim key resistance levels, another downward move could follow.
â ď¸ Donât mistake a relief rally for confirmation of a bullish reversal. Watch how Bitcoin reacts at resistance, monitor trading volume, and wait for confirmation before making decisions.
Save this analysis and revisit these levels over the coming weeks to see how the market develops.
Follow for more Bitcoin market analysis and updates.
#Bitcoin #BTC #CryptoMarket #Trading #BTC
$RSR
$SKL
đ¨ BITCOINâS RELIEF RALLY COULD BE THE PERFECT BULL TRAP.
I warned that $BTC could face rejection near $87,000, followed by a significant decline. Since then, Bitcoin has been consolidating between $80,000 and $84,000.
The price action is worth watching, but the risk of a bull trap remains.
đ MY BEARISH ROADMAP:
$84K â $75K â $62K â $52K
A temporary recovery doesnât necessarily signal a trend reversal. If buyers fail to reclaim key resistance levels, another downward move could follow.
â ď¸ Donât mistake a relief rally for confirmation of a bullish reversal. Watch how Bitcoin reacts at resistance, monitor trading volume, and wait for confirmation before making decisions.
Save this analysis and revisit these levels over the coming weeks to see how the market develops.
Follow for more Bitcoin market analysis and updates.
#Bitcoin #BTC #CryptoMarket #Trading #BTC