Bitcoin Bearish Shark Pattern Emerging 🦈 | Is a Pullback on the Horizon?

Hey crypto crew 👋 Let’s zoom in on the current BTC action—there’s a bearish Shark harmonic pattern showing up, and it might mean we’re nearing a key turning point. Here's what I'm seeing 🧠:

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🔍 1. What’s the Deal With the Bearish Shark?

This is a 5-point harmonic pattern (O-X-A-B-C/D) that relies on specific Fibonacci levels to help predict potential reversals.

In plain English: when this pattern pops up, it could mean BTC is overheated and due for a pullback. Traders love this setup because it’s often where momentum shifts.

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📈 2. Current BTC Chart Setup

Right now, BTC is brushing up against a major resistance zone—roughly between $96,400 and $111K—right where that Shark pattern completes.

If price gets rejected here, we could see a dip back to $100K, maybe even $60K depending on how heavy the drop is.

However, if BTC smashes through this level with solid volume, the bearish setup gets wrecked—and we might see a push past $110K+.

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⚠️ 3. Why This Moment Matters

BTC recently dropped back into a descending channel after a failed breakout—a textbook bull trap.

What’s more, the potential reversal zone (PRZ) lines up perfectly with the 0.618 Fib level and heavy resistance clusters around $96K–$110K.

This isn’t just a chart theory thing—plenty of traders are eyeing the same zones. Expect high volatility and fast plays around these levels.

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📊 4. Key Scenarios to Watch

Scenario Zone Outcome

✅ Breakout Above Resistance ~$96K–111K Bearish Shark fails → Possible move to new highs

⚠️ Rejection at PRZ ~$96K–110K Pullback to $100K or even $60K

📉 Macro-Driven Drop Fed/CPI hits hard Deeper pullback in play

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🧠 5. Trade Plan Ideas

🔹 Entries:

Go long on a confirmed breakout with volume above PRZ

Consider short or hedged positions if price starts rolling over near resistance

🛡️ Risk Control:

Use tight stops just below recent swing levels

Target zones: $100K–$110K if shallow, or $60K if deeper retrace happens

📋 Watch For:

Volume spikes near resistance

Global data (CPI, Fed news, etc.)

Chart formations like descending channels or H&S patterns

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🚨 TL;DR Summary

BTC may be finishing a bearish Shark pattern near a tough resistance band (~$96K–$110K)

Rejection here could spark a sizeable pullback—possibly toward $60K

Breakout with strong volume? Bearish setup invalidated—bullish momentum resumes

Stay sharp: manage risk, have a plan, and don’t chase candles

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💬 What’s your game plan here? Riding the breakout or prepping for the dip? Let’s compare notes in the comments 👇👇

#Bit

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