🚨 $BTC /USDT BULL TRAP OR BREAKOUT? 15M CHART HOLDS THE CLUE! 🔍🔥
Bitcoin just printed a minor recovery from $103,752 to $104,113 on the 15-minute chart — but don’t be fooled just yet. Price is flirting with key short-term EMAs (7, 25, and 99), creating a potential breakout or fakeout zone.
The yellow EMA(7) is curling up, signaling momentum. However, the price is currently battling resistance near the EMA(25) and EMA(99) — a rejection here could send it back to test local lows. A confirmed breakout above $104,305 could open the path to $104,780+.
📊 Trade Setup (Short-Term 15M) • 🔹 Entry (Breakout Long): $104,200 – $104,300
• 🎯 TP1: $104,560
• 🎯 TP2: $104,780
• 🛑 Stop Loss: $103,920
⚠️ Watch for rejection near EMA(99) — confirmation is key. If volume supports, bulls may retake short-term control.