Guys‼️ $BTC NEEDS A WEEKLY CLOSE ABOVE $82,800 TO AVOID A FAKEOUT 🚨
Bulls need to reclaim and hold above $82,800 on the weekly candle. This is the minimum level BTC needs to close above to keep the breakout alive.
A weekly close above this zone would give bulls some confidence that the breakout is real. Otherwise, the overall market structure wouldn’t change much.
Right now, we’re watching two important scenarios: 📉 Fakeout: BTC fails to hold the breakout and traps bullish traders. ⚠️ Structural Breakdown: Price loses key support and opens the door to further downside.
Remember, BTC has a history of respecting higher-timeframe fakeouts. I’ve mentioned this countless times.
Even in the current price action, we’ve seen multiple weekly fakeouts. Just look at what happened to price after those previous setups.
👀 The weekly close is what matters now. Don't get trapped chasing the breakout before confirmation.$BTC
Bulls need to reclaim and hold above $82,800 on the weekly candle. This is the minimum level BTC needs to close above to keep the breakout alive.
A weekly close above this zone would give bulls some confidence that the breakout is real. Otherwise, the overall market structure wouldn’t change much.
Right now, we’re watching two important scenarios: 📉 Fakeout: BTC fails to hold the breakout and traps bullish traders. ⚠️ Structural Breakdown: Price loses key support and opens the door to further downside.
Remember, BTC has a history of respecting higher-timeframe fakeouts. I’ve mentioned this countless times.
Even in the current price action, we’ve seen multiple weekly fakeouts. Just look at what happened to price after those previous setups.
👀 The weekly close is what matters now. Don't get trapped chasing the breakout before confirmation.$BTC