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“BTC’s Ultimate Bull Trap? We’ll Find Out This Week! Is Storage at a Bottom?”

Yesterday, I warned of a possible fake breakdown in BTC and gave a way to go long: a large bullish candle body quickly reclaims the level, leaves a fair value gap, then enter on a retest of the gap. That is the ICT 2022 model entry. I wonder whether you’ve been able to put it into practice. The logic is the same for longs and shorts.

Now that BTC has made a direct V-shaped reversal, has the daily-chart logic changed? First, on the 3-day chart, the price has reached the midline, consistent with the narrow-range logic. Although it has made a V-shaped reversal on the daily chart, it has not broken through the 82K level. Whether the midline can act as support on the daily chart remains to be seen. And until the daily chart gets a candle-body close above MA50, the shoulder-pattern logic still holds.

So, if you short again in the short term, there are two ways to enter on the right side: first, a false breakout above yesterday’s 81188 high; second, a candle-body break below 79900 to complete an hourly-chart double top and provide an entry. ETH follows the same logic.

Storage plunged again yesterday. After the open, we took a long on SanDisk at 1070 for a rebound, but couldn’t keep holding the position. Here, we should also try to trade from the right side: on the 15-minute chart, focus on 1050. If price closes above it with a candle body and then retests 1050, you can go long—same logic as the 1100 setup on the 3rd. If it continues lower, support won’t appear until 850.

Micron first bounced from the 790-795 support I mentioned yesterday. The final support here is around 750. The daily-chart support to watch is still 650 (this possibility cannot be ruled out).

In summary, the only BTC entry here is a right-side short. The daily chart has not closed above MA50 with a candle body, so the overall shoulder-pattern logic still holds. With storage continuing to fall, the bottom-fishing plan has to be put on hold. Don’t rule out the daily support levels mentioned above: 850 for SanDisk and 650 for Micron. #BTC重返8万