$112K in Sight or a Fakeout Incoming?
Our BTC trade plan played out perfectly, with the price now hovering near $109,700, just under key resistance. While many traders are eagerly watching for a breakout, smart money should stay cautious.
🔍 Key Observations:
Price Zone: BTC is consolidating just below the $110K resistance level.
Resistance Zone: $110,500–$112,000 remains a critical rejection area.
Market Sentiment: Most retail traders are leaning bullish here — and that’s where traps usually form.
Liquidation Map: 🔻 Liquidations are building up on the lower side, suggesting market makers may sweep those zones first.
Short-Term Support: $107,300 – potential bounce zone if price pulls back.
🎯 Strategy Going Forward:
📌 Watch for rejection signs near $111K–$112K.
📉 If rejection occurs, expect a pullback to $107,300 or lower.
📈 Breakout traders: Wait for confirmed close above $112K before going long.
⚠️ Caution:
This is a trap zone for breakout chasers. Stay disciplined. Plan your entries and exits. The price could either:
Push slightly above $112K and fake out, or
Get rejected sharply from current levels.
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