$BTC IS BOUNCING! REAL REVERSAL OR ANOTHER BULL TRAP?👀🔥
Bitcoin is finally showing some recovery, but don't get too excited just yet!
Remember, I told you yesterday that BTC was likely to give us a bounce before making its next major move. And that's exactly what we're seeing now.
But here's where things get interesting. 👇
BTC is approaching some important resistance levels, and I believe we could get another good SHORT opportunity Today.
🐼 MY BTC SHORT PLAN🐼
Our first resistance is around $78,500, where upside liquidity is also resting.
Aggressive traders can look for a SHORT around $78.5K after bearish rejection confirms.
However, for those who prefer a more patient approach, I'm watching the major resistance zone around $80,000–$80,500. This could offer an even better shorting location if BTC pushes that high.
Targets 🤤
Short can be taken Between 78,300-78,700 after rejection
🎯 TP1: 77,100
🎯 TP2: 76,350
🎯 TP3: 75,200
For the aggressive setup, invalidation is around $79,800. A separate short from the higher resistance zone would need a wider invalidation above $81,300.
🚨 NOW, WHAT ABOUT NEXT WEEK?
Despite all the negative news surrounding the Binance security incident, Bitcoin hasn't collapsed as badly as many feared.
Bitcoin is finally showing some recovery, but don't get too excited just yet!
Remember, I told you yesterday that BTC was likely to give us a bounce before making its next major move. And that's exactly what we're seeing now.
But here's where things get interesting. 👇
BTC is approaching some important resistance levels, and I believe we could get another good SHORT opportunity Today.
🐼 MY BTC SHORT PLAN🐼
Our first resistance is around $78,500, where upside liquidity is also resting.
Aggressive traders can look for a SHORT around $78.5K after bearish rejection confirms.
However, for those who prefer a more patient approach, I'm watching the major resistance zone around $80,000–$80,500. This could offer an even better shorting location if BTC pushes that high.
Targets 🤤
Short can be taken Between 78,300-78,700 after rejection
🎯 TP1: 77,100
🎯 TP2: 76,350
🎯 TP3: 75,200
For the aggressive setup, invalidation is around $79,800. A separate short from the higher resistance zone would need a wider invalidation above $81,300.
🚨 NOW, WHAT ABOUT NEXT WEEK?
Despite all the negative news surrounding the Binance security incident, Bitcoin hasn't collapsed as badly as many feared.