BTC/USD - Critical Technical Setup: Fake Breakout Alert

30 Ara 2024

TECHNICAL ANALYSIS: 🚨

Market Structure:
- Price: $91,644 (-1.84%)
- Timeframe: Daily (1D)
- Exchange: Bitstamp

Key Elements:
- Strong resistance zone: $105,000-110,000
- Potential fake breakout warning
- FVG (Fair Value Gap) identified on 1W timeframe
- Multiple trendlines converging

Projected Scenario:
- Current fake breakout pattern suggests potential reversal
- Initial pump to $115,000-120,000 zone
- Sharp reversal target: $95,000-92,000
- Critical support zone: $85,000-88,000

Risk Management:
▪️ Key Resistance: $110,000
▪️ Support: $88,000 - 86,000
▪️ Yellow Trendline: Critical for bullish structure

Timeframe: Daily
Pattern: Fake Breakout Setup
Bias: Cautious, potential distribution phase

Note: High-risk setup. Capital preservation is crucial. Not financial advice.

#Bitcoin #BTC #TechnicalAnalysis #Crypto

20 Oca

Not

here the update

next TP is 124k