UPDAATE :
Analysis (Post-Breakout)
🔴 The Red Line Remains a Price Magnet
Although price has broken out above the upper range boundary, we are still seeing retests of the red line (notably at 22:30 and again at 23:02). This indicates:
The red line continues to act as an anchor price.
There may be hidden liquidity clustered around this level, attracting price back after deviations.
📈 Breakout Above Range – Distribution or Start of Trend?
If this is a false breakout, price is likely to revert back inside the range, potentially leading to a breakdown below the lower boundary.
If the breakout is genuine, the red line may now serve as new support, potentially leading to a rally towards the next resistance area at $83,100–$83,300.
However, the latest candle (right arrow) is showing early signs of rejection, suggesting a possible bull trap scenario.
🧠 Smart Money Behavior Still Evident
We continue to see a classic pattern:
Price pushes upward to trigger liquidity from FOMO buyers.
This is followed by a swift pullback, potentially shaking out weak hands.
This behavior may be part of a markup phase in accumulation, if the rally continues, or short-term manipulation, if price fails to hold above breakout levels and drops quickly.
📌 Summary & Key Insights
Is the red midline still a key target?
Absolutely — this is supported by:
Multiple retests, even after the breakout occurred.
Candle behavior that continues to react around this level.
High probability that this zone represents a Point of Control (PoC) or VWAP anchor used by market-making algorithms or institutional players.
Is this all being orchestrated?
Given the consistent pullbacks to the same level and the presence of false breakout mechanics, it's highly likely that this is the result of deliberate order flow management by large players.
They’re not randomly buying and selling — they’re engineering symmetrical price behavior with precision.
#BTC #bot_trading @CZ #FairPlayForAll