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It could turn into a fakeout if BTC loses the 69–70K zone — that’s a key psychological and liquidity area where both stop hunts and breakdowns often happen.
But at the same time, the charts are still the only real guide we have right now. Price action, structure, and volume don’t lie — so ignoring them completely would be risky.
Best approach is simple:
If 69–70K holds → market can still recover and trap shorts
If it breaks with volume → deeper downside opens up
If it breaks and reclaims → classic fakeout scenario
In short, we don’t predict — we react. 📊
#BTC #Crypto #PriceAction #tradingview