$BTC
Let's discuss the potential expectations behind the large饼: beware of fake break traps99
From a daily chart perspective, there has been a broad range consolidation of 84-940,000 points for over two months.
On the weekly chart, the channel has been broken below, but a demand zone has also formed.
So, there are two key levels on the daily and weekly charts: 9.4 and 9.9—one indicating a potential upward move from lower to higher levels, and the other suggesting a strong market condition.
Potential expectations and traps:
8.9 is the recent defensive level for upward push. If above this level, there is potential to reach around 9.85, with confirmation at 9.29.
The trap lies in the fake breakout behavior aiming for a maximum target of 9.85.
Therefore, in the short term:
Support: 8.9, 8.7
Resistance: 9.29, 9.45
Thus, combining the daily range and key levels, these two structural turning points are the ideal trading opportunities.
Pay close attention to fake breakout behaviors near expected targets.
The position for spot layout remains unchanged long-term—when it arrives, just go for it!
