Post
Wendy 🇻🇳
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Bullish$BTC BITCOIN BEAR TRAP OR DEEPER DROP? Critical Levels Revealed
Bitcoin is hovering near a decision zone — and the next move could define the entire structure.
If we see another flush below the recent $59,800 low, two scenarios stand out:
🔻 Scenario 1: Bear Trap
A sweep into the $59,700–$58,600 range — just a few percent below the prior low — trapping late shorts before a sharp reversal.
🔻 Scenario 2: Deeper Correction
A breakdown toward $49,865, based on the broader $59,800-$72,300 projection range.
But here’s what matters:
The 5-year SMA near $55,600 remains a historically strong structural support. Add in the statistical precedent of ~55% drawdowns during prior cycle waves, and the probability of a bear trap increases — unless panic accelerates.
Liquidity hunts first.
Trend confirmation comes later.
Is this the final shakeout… or the start of a bigger unwind?
Follow Wendy for more latest updates
#Bitcoin #CryptoMarkets #BTC #wendy
Bitcoin is hovering near a decision zone — and the next move could define the entire structure.
If we see another flush below the recent $59,800 low, two scenarios stand out:
🔻 Scenario 1: Bear Trap
A sweep into the $59,700–$58,600 range — just a few percent below the prior low — trapping late shorts before a sharp reversal.
🔻 Scenario 2: Deeper Correction
A breakdown toward $49,865, based on the broader $59,800-$72,300 projection range.
But here’s what matters:
The 5-year SMA near $55,600 remains a historically strong structural support. Add in the statistical precedent of ~55% drawdowns during prior cycle waves, and the probability of a bear trap increases — unless panic accelerates.
Liquidity hunts first.
Trend confirmation comes later.
Is this the final shakeout… or the start of a bigger unwind?
Follow Wendy for more latest updates
#Bitcoin #CryptoMarkets #BTC #wendy
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.