🔥 Bitcoin: Another Fake Out To Trap Bulls

٢١ يوليو ٢٠٢٢

A couple of days ago I made an analysis on BTC where I argued the potential for another bullish fake out. With BTC falling back into the channel, it seems that the move was indeed orchestrated to be a bull trap.

For now, I'm not confident in a move back to the channel's support. However, keep a close eye on the blue dotted support. A daily close below that support might be the signal for a further fall.