‼️🚀💠Buy Alert‼️‼️🚀🚀

Time frame - 1 Hour (LTF)and the 1Day (HTF).

💥We have observed an inverse head and shoulders pattern forming at a critical resistance level that is $68K TO $69K roughly.

🖌️I have drawn a polyline pattern with a probabilistic approach , we are expecting a bounce from the current level it will be either the expected bounce to a tennis ball rather than a fragile egg. 🥚

‼️Anticipate a liquidity trap within59k-60k the support box.

This could serve as an excellent entry point for a trade.☝️✅

🛑Bitcoin is likely to hit the resistance bar of the downtrend. ‼️And a breakout above this level.

Retests and Confirmation:

⚠️* Expect an initial retest after the breakout.

* ⚠️If successful, another break and close above the major resistance is crucial.

✅* Retesting the support level will confirm that supply is exhausted and volume is minimal.

Confirmation and Entry:

🚀* The confirmation comes with a major break and close above in a higher timeframe (preferably 4hours).

🚀🚀* Look for a huge volume spike as a positive sign.

Risk Management:

* 🙏Place a stop loss below the volume squeeze area to manage risk.

Caution and Smart Trading:

🙏🙏* Bitcoin trading can be tricky due to major liquidation events.

* ✅🙏🙏🙏Being cautious and smart is essential to avoid traps.

Remember that trading involves risks, and it’s essential to stay informed and adapt to market dynamics. Good luck, and may your trades be as resilient as tennis balls! 🎾🚀

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