BTC Daily Update: Fakeout Both Ways đ
The daily candle closed with a major fakeout, trapping Bitcoin right back into its previous consolidation range.
What happened on the charts:
âą đ Swept the Lows: Flushed out the longs before reversing.
âą đ Swept the Highs: Trapped the breakout buyers right after.
đ Key Levels to Watch:
âą The Line in the Sand: Bulls absolutely must protect the $82k â $82.8k zone to keep the immediate bullish momentum alive.
âą â ïž Downside Risk: If the market continues to show weakness and fails to hold this support, expect a deeper correction down to the $76k area.
The daily candle closed with a major fakeout, trapping Bitcoin right back into its previous consolidation range.
What happened on the charts:
âą đ Swept the Lows: Flushed out the longs before reversing.
âą đ Swept the Highs: Trapped the breakout buyers right after.
đ Key Levels to Watch:
âą The Line in the Sand: Bulls absolutely must protect the $82k â $82.8k zone to keep the immediate bullish momentum alive.
âą â ïž Downside Risk: If the market continues to show weakness and fails to hold this support, expect a deeper correction down to the $76k area.