Technical Analysis Corner based on the short-term trend on the H4 time frame shows that there are signs of selling force. The Bears are participating in the 64k-66k price channel area, but the fakey candlestick's body withdrew its whiskers and pretended to break.
Here is a detailed illustration of the Fakey candlestick pattern:
Candle 1: The first candle is large, marking the current trend.
Inside Bar 1: Small candle completely within the price range of the first candle, showing indecision.
False Breakout: The next candle has a false break above the Inside Bar but then back inside the range.
Reversal: The last candle shows a strong reversal, breaking in the opposite direction of the False Breakout.
This model helps identify reversal trading signals in the market from increasing to decreasing or vice versa, decreasing to increasing.
The previous analysis warned that the liquidation debt leverage price range was up to more than $1.2 billion, around $64,963, so a Shark Trap was set up for investors to think the price had increased but it was actually reversing to decrease.
You should consider exiting the order if you buy short-term in the previous range of 55k - 58k. Then wait for the price to return to the 59-60k area. If there are signs, I will have a buying analysis article. Currently, I have already exited 1/2 of the BTC position I bought previously at 55k - 57k.
Be careful with your personal perspective, so you also carefully consider your investment decisions.
