📈 Fake Breakout at $116,522 Could Signal BTC Bull Continuation — Watch Altcoin Triggers
After a fake breakdown below $116,522, Bitcoin is showing signs of resuming its uptrend.
A key bullish signal was yesterday's daily candle closing above this level — maintaining structure and giving bulls hope.
🔍 Current Strategy:
For BTC, I suggest watching $119,151 as a long trigger, only if BTC Dominance is rising.
If BTC.D isn’t rising, then it’s better to focus on altcoin long setups.
I’m still not opening any short positions — structure remains bullish, and risks of fake breakdowns remain high.
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💬 Altseason loading? Drop your favorite alt setups in the comments!
After a fake breakdown below $116,522, Bitcoin is showing signs of resuming its uptrend.
A key bullish signal was yesterday's daily candle closing above this level — maintaining structure and giving bulls hope.
🔍 Current Strategy:
For BTC, I suggest watching $119,151 as a long trigger, only if BTC Dominance is rising.
If BTC.D isn’t rising, then it’s better to focus on altcoin long setups.
I’m still not opening any short positions — structure remains bullish, and risks of fake breakdowns remain high.
---
💬 Altseason loading? Drop your favorite alt setups in the comments!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.