🚨 $BTC TECHNICAL BREAKDOWN 🚨

(catch the Weekly Wrap up Tonight 6pm AEST)

Yes, there’s still a bullish pattern in play. But this is where traders get chopped if they don’t pay attention.

👉 CONFLUENCE ZONE = 96K

That sits right on the weekly 21EMA + 0.5 FIB = perfect 4th wave retrace.

Another rejection at 102K could drag us there.

👉 MAJOR PIVOT = 105K

Former support, now resistance. Small bullish bounce showing, but unlikely a full reversal yet. There is also a deeper retrace of the WXY structure that is still in motion.😬

👉 WAVE PROJECTION:

• Wave 1: 0.236 - 88.9K

• Wave 3: 0.618-0.65 (Golden Zone)

• Wave 5: 0.786 = 121K-122K major resistance

BLX chart confirms that 121-122K zone is huge.