## $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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