"BTC Just Broke Out of a Bearish Channel โ What's
Next?" ๐๐
Bitcoin was trapped in a bearish channel for weeksโฆ and we
just saw a clean breakout above resistance.
๐ Here's what stands out:
โ
Break above trendline with increasing volume
๐ฏ๏ธ Retest holding above the breakout zone
๐ RSI pushing into bullish territory
๐ However, fakeouts do happen โ watch for a
potential pullback back into the channel.
๐ ๏ธ Key invalidation: If price falls back below $75,000 with
volume, bias flips back to bearish.
Breakout believers vs. fakeout hunters โ where do you stand? ๐
Are you long, short, or just watching?
๐ Drop your chart or analysis in the comments. Letโs compare setups!
#BTCBreakout #Bitcoin #CryptoTrading #ChartAnalysis #BearishChannel
#TrendlineBreak #BinanceSquare #CryptoTA #BitcoinPriceAction
#BreakoutOrFakeout