going lower or bouncing on resistance? market is respecting key support/resistance or channel boundaries. These points often become decision zones where big moves occur.
Signs this could be a fakeout:
BTC wicks above a resistance or below a support with little follow-through
Volume spikes only on the wick, then dies quickly
Price reverses back into the range soon after breaking it
If BTC recently broke a trendline with low volume, it smells like a trap move — a liquidity grab.
If it’s testing support again after failing to rally, and volume is increasing on red candles, a leg down is possible.
However, macro trend is still up unless we lose a major higher low (say, sub-$60k or sub-$56k depending on your chart).
