📉 BTC Bear Flag: Final Push Before Correction?
Bitcoin's current chart pattern resembles a classic bear flag. This pattern typically involves a sharp decline followed by an upward-sloping consolidation channel. Such formations often precede another downward movement, but not before a final upward sweep.
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🚀 Bullish Scenario: Liquidity Hunt Towards $100K
Even within a bearish structure, BTC often targets upside liquidity before reversing.
Factors supporting a final upward push:
• Significant short liquidations are positioned between $95K and $100K.
• Mildly positive funding rates suggest room for a short squeeze.
• Sellers are clustered around the $98K to $100K range.
• High Open Interest creates an ideal setup for a blow-off move.
Potential targets if a squeeze occurs:
• $97,500 as the initial resistance level.
• $99,500–$100,800 as a major liquidity and potential fakeout zone.
This area is highly probable for a sharp wick or rejection.
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🩸 Bearish Scenario: Flag Breakdown Post-Sweep
After liquidity above $100K is captured, the bear flag pattern can fully materialize.
Confirmation of a breakdown:
• A decisive loss of the $91,500 level on strong volume.
• A confirmed daily close below $90,200.
Projected lower targets:
• $87,500 serving as initial support.
• $84,000 as mid-range support.
• $80,000 representing the measured move of the bear flag, acting as the main bearish target.
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🧭 Key Levels to Monitor
Key levels to watch on the upside:
• $97,500
• $100,000–$100,800
Key levels to watch on the downside:
• $91,500
• $87,500
• $84,000
• $80,000
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