*๐จ BTC Fakeout or Breakout? Know the Difference! โ ๏ธ*
โ
๐ *Price Action Says: Not a Breakout*
BTC hit resistance at *~111K* for the *third time* (orange circle), just like previous rejections (red circles) within the *descending channel*.
So far โ itโs *a fakeout*, not a clean breakout! ๐ฌ
โ
๐ *Trending Signals:*
- Repeated rejection from trendline ๐
- No volume confirmation on the breakout attempt โ
- Still trading *inside the descending channel*
- Strong bounce from lower range โ but no breakout yet
โ
๐ฏ *Key Levels to Watch:*
- Resistance: *111K* (needs a candle close above to confirm breakout)
- Support: *102,464* ๐
- Danger zone below: *100K psychological level*
โ
๐ฎ *Prediction & Setup:*
โก๏ธ Break above *111K* with strong volume = *bullish confirmation* ๐ข
โก๏ธ Rejection again = possible move back to *104Kโ102K* area ๐ป
Wait for candle *confirmation above channel* before entering big positions! ๐ง
โ
๐ข *Follow for Real-Time Alerts & Updates ๐*
Avoid the traps, trade with confirmation only โ BTC loves fakeouts at the top! ๐ฅ๐
#NFPWatch #BTCReclaims110K #TrumpVsMusk #StrategyBTCPurchase #NODEBinanceTGE