Technical analysis by TradeWithMky about Symbol BTC: Buy recommendation (5 hour ago)
TradeWithMky
The Fakeout Before the Fall? Watch These Key Channels !
Bitcoin is showing classic weakness on the daily timeframe. Here’s what I see 👇 The price might fake out the red resistance zone around 110K–112K, fooling traders into thinking a breakout is coming — and then drop strongly from there. The real trend reversal will only happen if and only if BTC breaks above both yellow descending channels — the main and the secondary one. Until that happens, the bearish pressure stays alive. ⚡️Key Levels: Sell Zone (Possible Fakeout): 110,000 – 112,800 USDT Buy Zones: 80,000 – 82,200 USDT and 87,971 USDT Watch for breakout confirmation above the upper yellow channels! Remember this chart — when it unfolds, you’ll know who called it first 😉 👉 TradeWithMky #BTC #Bitcoin #Crypto #TradingView #TradeWithMky #CryptoAnalysis #FakeoutAlert