$BTC BTC $74k: Breakout or Bull Trap? 🚩 Bitcoin is currently knocking on the $74,000 door, but the "under-the-hood" data suggests the engine is overheating.
We’re seeing a textbook Bull Trap setup forming.
Why the caution? DXY Flexing: The US Dollar Index is climbing toward 100, acting as a heavy anchor for BTC.
74k is a strong resistance for BTC (check chart)
The Fakeout: We just saw a Swing Failure Pattern (SFP) at $74,046. The big players are likely hunting liquidity before a move down.
The Game Plan: 📉 Bias: Bearish Short (Looking for a correction). Entry Zone: $73,200 – $73,500 (on the retest). Stop Loss: $74,250 (keep it tight). Targets: $71,200 -> $68,500 -> $63,000
$BTC bullish or bearish. Neutral for me. It have potential to breaking through 74k with a big candle, which means a bullish scenario. but many time we rejected this ressitance, if that happens, the bearish continuation will happen. Check weekly chart, the blue line is the strong resistance. We are at time of decesion. A big bull trap? or structure change with s/r flip and long?
$KAITO looks interesting for long. support is below it can touch again but it will reach fib levels hope 0.618. low lev with sl, its a good setup! check ema also ;)
$ONDO ready to going toward. Started to going up, now tested fibo 236 level, which is good sign I think. Now i hope continue his way to fibo 618 or furthermore. what do u think?
$BTC which one come first for btc? it need a retracement the question is when? ets buyers wanna see higher and higher price but soon we need to liquidate Longers :) till btc liquidate shorters. bullis weekend ahead I think.
IMX went much, but now lagging by days. But now finally give me some clue to why it will going up again.
1. formed a Cup and Handle pattern and we are near the handle bottom part. 2. bounce from daily support 3. Its very close to breakout the trendline above which is stronger one.
My plan: # Buy: 50% at current market price or lower is possible. 🤔 Buy2: lower price if possible or after breakout while retesting
Sell tps are on the chart, the last one is to the 🌙🌙🌙
this is not signal, just and idea what I will try. NFA!!!!