$BTC - Bullish scenarios, bear trap at 57.5k?

Possible bullish scenarios on Bitcoin. Where what most interests me is a hidden potential bear trap at the 57.5k mark, that is not much talked about. People talking about going to 53k if BTC breaks the 59k support is supper beneficial for bulls, since this might convince a lot of traders go short from there, and when price touches 57k a massive short squeeze could play out. Beware! Trade with caution.

There has been enough red candles in the weekly, let's see what the bulls have prepared.

Anything can happen.

Yorum:

Even though I expected a bounce at 59k and it didn't happen, the price DID react at 57k mark and is now consolidating around 57.5k that is the support of the downward channel, and indeed, BTC seems to be looking to reach the upper resistance of the downward channel. At this point I highly doubt BTC will reach 65k, I expect the price to react downwards from 61-62k after testing this resistance.

Again, anything can happen.

İşlem aktif:

BTC reached 61500, a bloody short squeeze have began!

İşlem aktif:

BTC heroically reached 63300 and it's currently holding in the upper side of the channel