BTC might be painting a bear flag—don't sleep on that possibility. The price got absolutely smashed at the bearish retest, and the setup is looking increasingly fragile.



Here's what caught my attention though: the technical target for this pattern sits right at my higher timeframe F3L (first three lows) pocket zone—somewhere between 65k and 68k. And honestly? I've been calling out this level since October. The fact that price is potentially targeting exactly where I mapped it months ago doesn't feel like coincidence.

The chart alignment is sharp. If the bear flag completes and breaks down, we're looking at a direct run toward that pocket. Whether it holds or breaks through will be the real test.
BTC-1.01%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
BearEatsAllvip
· 12-23 03:59
Wait until the fall is enough to buy the dip.
View OriginalReply0
SilentObservervip
· 12-23 00:03
When will the Bear Market come to an end?
View OriginalReply0
WhaleShadowvip
· 12-23 00:03
Waiting for a big dump to do Margin Replenishment.
View OriginalReply0
AllInAlicevip
· 12-22 23:57
This rebound seems hard to sustain.
View OriginalReply0
SignatureAnxietyvip
· 12-22 23:42
This analysis is outrageous, isn't it?
View OriginalReply0
Degen4Breakfastvip
· 12-22 23:38
Currently, it is essential to focus on the defensive position.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)