BTCUSDT Possible Fake Breakout Before NY Session Dump 🚨
BTC is currently testing a key resistance zone near 79K after a strong bullish impulse. Price is showing signs of exhaustion with multiple upper wicks forming.
This zone is likely a liquidity area, and we may see a fake breakout before a potential downside move during the New York session.
🔴 Bearish Scenario:
Entry: 78,800 – 79,200
SL: 80,000
Targets: 78,000 / 77,800 / 77,300
🟢 Bullish Scenario:
Only valid if price breaks and holds above 79,800 with strong volume.
⚠️ Expect volatility and stop hunts during NY session.