$BTC COMPLETE BREAKDOWN ANALYSIS
The purple area at 113-115K is a HUGE area of possible reversal.
Key alignments :
1. From March high at 73K to the August low at 49K, the 2.618 fib stands at $113,600 , which presents a massive resistance.
2. From the recent feb Swing high at 99K and the Swing low at 73K, the 1.618 fib also presents itself at 115K
3. The inner body bullish trendline which was broken also coincides a possible rejection at the same levels.
As per my analysis, this pump is nothing but a retest of all broken structures. No alt season will present itself unless we atleast retest our bearish trendlines and sequences.
The 60-65K area is a MASSIVE area of interest in my opinion.
FOMO IS BACK in, we are in that phase where no one ever believes we’re going down again, but the market always does.
6+ weeks of continuous pumps, people have completely forgotten that the market does not move in one single direction.
As always, they will be punished by the market.
Patience is key 🔑
