$BTC Analysis – June 21: Market Traps & Strategic Patience 🧠

🔹 Daily Frame Insight:

After surging to the 1064x zone and triggering a trap, $BTC quickly dropped back to the 102x range. This move was somewhat expected from yesterday’s signals, yet the trap still caught many off guard. While I did catch a short entry, the position wasn’t as ideal as I had hoped.

This market is full of traps. To survive and succeed long-term, discipline is everything — proper volume control, strict stop-losses, and letting winning trades run further are key. The recent trap candle further confirms a clear downtrend. With support zones breaking, $BTC is likely to move in wide daily ranges of 8K–10K.

📉 Support: 102 – 100

📈 Resistance: 1040

🔹 Daily Frame 3 Outlook:

Today’s candle continues the downward wave, with price finding temporary support at the BB average line (~1032). I expect to consolidate in the 103x zone for another 2–3 daily candles before a breakout occurs.

🔹 Weekly Frame 2 Overview:

Despite the short-term drop, the weekly trend still reflects an upward wave as long as prices remain above 1025–1030. However, I anticipate a weekly close below 101–102, confirming a larger downtrend that could drag the market for another 1–3 months.

---

📌 Conclusion:

BTC is likely to continue its decline.

Despite the downtrend, expect retracement waves as institutions accumulate.

As a small trader, survival is the priority. Follow the trend, avoid overconfidence, and never go all-in. The market will reward those who stay patient and disciplined.

Price updates are shared in detail within our group.

📈 Current Price: $103,309.57 (+0.81%)

Stay sharp, stay safe — and good luck out there! 🍀

#BTC #BitcoinAnalysis #CryptoMarket #MarketTraps #RiskManagement #TradeSmart