## $BTC 🚨 ALERT

### Key Level to Watch: 56K

If Bitcoin breaks the 56K support level, it could trigger significant bearish momentum 🐻. Here’s what that means:

### Bearish Analysis

A break below 56K may lead to a massive sell-off. Below are key price levels where bullish reactions could occur. This analysis holds true only if 56K is breached.

### Bullish Harmonic Pattern

Currently, Bitcoin is in the DLEG phase, moving downwards. The following price levels are potential points for the DLEG:

- 1.2

- 1.6

These levels represent fair value gaps. The DLEG can extend even further to:

- 1.8

- 2.2

- 2.4

- 2.6

- 2.8

### AMD Cycle

This movement might align with the AMD cycle (Accumulation, Manipulation, and Distribution). If the harmonic pattern plays out, it could signify the manipulation phase of AMD.

### Critical Note

All this analysis becomes relevant if 56K breaks. As long as 56K holds, there’s still a chance for a bounce, clearing the liquidity above, which is currently worth billions.

### Disclaimer

Not financial advice 🔥

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