#BTCBreaks110K đ„ | Mid-week shock diagnosis: Bitcoin flirting with madness or getting trapped below 110K?
Do you think $BTC will race towards 110K without hurdles? Mistake! Beneath this apparent bullish spiral lies a technical and emotional trap that few dare to mention.
1ïžâŁ Ultra-bullish fundamentals... but beware of overheating
Tight tokenomics (94% in circulation, recent halving, record hodlers) and rampant institutional adoption (spot ETFs, massive reserves) fuel the continuation of the rally. The accommodating macro environment (low US rates, risk appetite) further strengthens the rise. However, this cocktail can provoke a fleeting bubble: an excess of euphoria often triggers sudden corrections.
2ïžâŁ Technical: double top in the making or surge towards 115K?
Daily: the trend remains bullish (EMA20/50/200 aligned), but a double top around 111â112K is forming. If the intermediate support at 108â109K gives way, expect a drop towards 105â100K. As long as $BTC holds above 108K, the trend retains advantages, but the slightest misstep below 108K can lead to a reversal.
4H: momentum waning: a broken bullish wedge has already caused a pullback to ~105K, then the price oscillates between 105K and 110K, signaling a technical pause. Without a clear catalyst, the range persists.
3ïžâŁ Radical scenarios to exploit:
Bullish scenario: clear breakout above 111â112K triggers a short squeeze and rush towards 115K or even 118K. Strategy: open long on re-test of 112K to avoid the trap of a false breakout.
Bearish scenario: failure below 110K followed by a break of 108K: quick correction towards 105K, then potentially 100K if the bears take the lead. Keep an eye on the 4H close below 108K and the expansion of selling volumes.
4ïžâŁ Provocateur: dare to challenge the hype '110K soon'
Everyone fantasizes about breaking through 110K. What if the real profit came from playing the bounce or drop accurately rather than blindly hoping for the rally? Avoid FOMO: plan your entries on dips (107â108K) or validated breakouts, and adjust tight stops to limit the impact of false signals.
đŹ Do you think 110K is inevitable or do you fear the trap below 108K? Speak up: share your conviction and why you are right or wrong!
â ïž This post is not a promise of gains. It's a viewpoint to encourage you to think differently and anticipate false signals. Stay agile, test your setups in paper trade before engaging real money.
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