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$BTC BOUNCES OFF THE 200MA – RELIEF OR TRAP? 🦈
📉 After the rising wedge breakdown, Bitcoin just swept into the 200‑day moving average and immediately snapped back – a textbook liquidity grab. Institutions often hunt stops below such structural supports before reversing. 📊 Volume on this bounce is below the wedge’s average, so conviction remains unconfirmed.
Hold above the 200MA opens the door for a relief rally toward the wedge’s lower boundary, now resistance. A break and close below would accelerate the selloff. 💬 Is this the washout before the next leg, or mere repositioning before more downside? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#BTC #Bitcoin #RisingWedge #200MA #Crypto 🎯 📉