Been keeping my eyes glued to something interesting brewing on Bitcoin's chart right now.

So here's what caught my attention - we just wrapped up what looks like an inside week pattern. The way things are shaping up, there's a solid chance we're about to punch through that nearby support level. Might even test some deeper lows if momentum builds that way.

What makes this setup particularly spicy? If we get a false breakdown scenario while the daily timeframe still holds that bullish structure, we could be staring at one hell of a reversal play on the higher timeframes. The inside week fake-out combined with daily strength? That's the kind of confluence that gets traders excited.

Watching this one closely to see how it unfolds.

BTC1.61%

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GateUser-6bc33122

· 12-01 19:39

Dude, this false breakouts resonance setup is really amazing, just waiting for the daily chart to show some strength.

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YieldHunter

· 12-01 16:52

tbh the fake breakdown into daily strength thesis is basically every trader's fever dream... if you look at the data tho, how many times does this actually play out vs just cascading liquidations lmao

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TradFiRefugee

· 12-01 16:47

I've seen this trap of false breakouts many times. Can the daily chart still hold up? The key is whether this wave can really get dumped.

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LiquidityWitch

· 12-01 16:45

Ha, it's another trick of false breakouts, I've seen this routine many times, it's always like this digging a pit. The combination of false breakouts and daily chart strength is indeed a bit interesting, but to be honest, the probability of this resonance happening is not that high. Most of the time, it's still a case of being swept away. If the support breaks, then just go all in, anyway, it's a 50/50 game, no need to get caught up in the details. I just looked at the four-hour chart, and it doesn't seem that simple. We need to wait for the breakout confirmation before speaking. Your analysis is somewhat similar to my thought process, but I don't believe in any daily chart structure. Can only looking at the chips and on-chain data deceive? Here it comes again, every time there's talk of reversal potential, and in the end, in the middle of the night, it smashes down again. I've seen this kind of chart pattern back in March, and what happened? I got slapped in the face, and now I'm more cautious. With the daily chart being so strong and breaking support? Something doesn't feel right, it feels a bit deep.

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DegenRecoveryGroup

· 12-01 16:39

Uh... another internal weekend false breakout situation? I'm most afraid of this setup, every time it's said like this the result is a straight fall😅

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