Bitcoin Situation

Bitcoin #MyFirstPostOnSquare 000. The upward breakout of the triangle has occurred, just as we expected. The situation moving forward is honestly quite complex.

Resistances:

$97 000, 0.382 Fibonacci level.
$98 000, a significant number.
$100 509, 0.5 Fibonacci level.

If I allocate 30% of the strength of the bears to these three resistances, then the next level is 70%, and most importantly, the zone between $103 000 and $107 000.

Here, the bears will strongly defend this zone because they will be adding to shorts here, some will be taking hedge shorts, and others will be selling part of their holdings just in case we go lower—if we are in a bearish trend, although I explained this in detail at the end of the video.

In case of a breakout and consolidation above $110 000, this is an ATH $110 000, and the current correction is a trap for bears, fully trapping them in a bearish trap. If there is no breakout and a sharp decline, the bets on continued fall and bearishness increase significantly.

Everything will be decided there...