🚨 $BTC
Bears In Full Control, Dead Cat Bounce Risk Real 🚨
Hey fam, the panic from the Israel-Palestine conflict has hit hard, and the bears are in full control.
The risk of getting caught in a dead cat bounce is real.
Bulls are getting wrecked and staying silent. Even though retail traders are all bearish, we need to watch out for a violent rebound from short-sellers.
🔻 Key Levels:
Strong support: $75,000 / $78,500 / $79,000
The support we just broke has turned into strong resistance
📉 Short Setup:
Wait for a price pullback to around $77,800 – $78,200 with no strength
Enter with a small position
🛑 Stop Loss: $79,200
🎯 Target: $75,200
📈 Long Setup (for patient bulls):
Wait for a retest of $75,000 – $75,500
If it holds, then consider entering
🛑 Stop Loss: $74,400
🎯 Initial Target: $77,000
⚠️ Stay Alert:
Any sudden dovish moves from the U.S. or easing tensions could catch bears off guard
Not Financial Advice just my personal opinion.
👇 Let's discuss different views in the comments!