๐ *SHORT: #BTCUSD | BTC | 1H*
But watch closely... a *bullish reversal may follow* ๐๐
โ
๐ *Whatโs Happening?*
On the *1-hour chart*, BTC is completing a *harmonic pattern* (likely a Gartley or Bat) that often signals a *short-term drop*, followed by a *strong bullish bounce* ๐ฆ๐
So while a *short position* may play out short-term, this setup also hints at a potential *pivot point* for a major move up afterward.
โ
๐ป *Bearish Move First (Short Setup)*
- BTC may dip into the *100Kโ98K zone*, completing the harmonic pattern ๐ณ๏ธ
- Short-term traders can take advantage of this retracement
- Use tight stop-loss above 100kK in case of an early reversal โ
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๐ *Then, Bullish Reversal Likely*
- Once the pattern completes, buyers are likely to step in aggressively
- *Target for bounce*: 110K โ115K โ and eventually *120K* if trend strengthens ๐๐ฅ
- Strong confluence with *Fibonacci retracement and demand zone*
โ
๐ *Key Levels to Watch*
- *Short Entry Zone*: 10.5Kโ107K
- *Short Target*:110K
- *Bounce Target*: 120K, then 125K
- *Long-Term Target*: $150K (macro continuation) ๐
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๐ง *Deep Insight*
This pattern shows the market *testing liquidity below before launching higher* โ a common setup during *bull cycles*. Whales often push price lower to *flush leverage*, then drive the next big rally.
If you're shorting now, *be ready to flip long quickly* โ the real move could just be loading ๐