$BTC

Analysis – June 21: Navigating Market Traps with Discipline 🔍

📉 Daily Frame:

After pushing up to the 1064x level and forming a trap, $BTC quickly dropped into the 102x range. While this move was anticipated yesterday, many still got caught in the volatility. I managed to catch the downward move, though the entry wasn’t as ideal as expected.

This market is filled with traps. To survive and thrive long-term, discipline is key — trade with proper volume, always use stop-losses, and aim for setups where winning trades outnumber the losing ones. Let your winners run across broader price ranges.

Yesterday’s trap candle further confirms a clear downtrend. The support zone is breaking, and BTC could start moving within 8K–10K daily ranges.

Support: 102 – 100

Resistance: 1040

📊 Daily Frame 3:

Today’s candle continues the downward wave, with temporary support at the BB average line (1032). I expect BTC to hover in the 103x zone for 2–3 more candles before potentially breaking out of this range.

📈 Weekly Frame 2:

On the weekly view, BTC still holds an upward wave as long as it stays above the 1025–1030 range. However, if the weekly candle closes below 101–102, it would confirm a broader downtrend, possibly dragging the market for another 1–3 months.

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🧠 Conclusion:

BTC is likely to continue dropping deeper.

Despite the bearish trend, expect retracement waves — opportunities for institutions to accumulate.

As a small trader, I stay adaptive. Surviving the market long enough will present consistent opportunities — no need to rush or go all-in.

📌 Current Price: $103,309.57 (+0.81%)

Stay patient, stay focused, and trade smart. Good luck to everyone out there! 🚀

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