Short

Lingrid | BTCUSDT Brief Relief Rally - Dead Cat Bounce?

perfectly played out my previous trading idea. Price has rejected sharply from the 97.7K resistance band, where prior highs and the upper trendline intersect, signaling exhaustion after the impulsive rally. The rejection candle and follow-through weakness suggest supply remains active at this level, while price is now slipping back into the range zone. Structure here looks vulnerable, with upside momentum clearly fading.

If buyers fail to reclaim 95K quickly, could extend the pullback toward the 89.3K support region, which aligns with the rising diagonal support and the previous breakout base. That area may act as a magnet if downside pressure accelerates and liquidity below the range gets explored.

➡️ Primary scenario: rejection from 97.7K → continuation lower toward 89.3K.
⚠️ Risk scenario: a strong reclaim and close above 97.7K may invalidate the sell setup and reopen the path toward new highs.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Lingrid

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Lingrid | BTCUSDT Potential Upside Breakout from Range

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j