Third False Breakdown in Play

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Third False Breakdown in PlayBitcoin / US DollarCOINBASE:BTCUSDinchartswetrustHello, traders!🌴 Today's update will be brief as we're simply confirming the beginning of the scenario discussed yesterday, with yet another false breakdown now playing out✅: A break below 62,500 followed by a move back above would signal another false breakdown. If that happens, it would be the third false breakdown we've seen since last Monday, increasing the odds of a quick move back toward 64,890. Yesterday's breakdown occurred during the U.S. session, and today's Asian session has already brought the recovery back above 62,500. 🦬🚀If this scenario continues to play out, the probability of a fast move toward the next resistance levels increases: Resistance levels: • 62,800–63,100 — Cluster of the 1H EMA 100 & EMA 200 and the 4H EMA 100 • 63,700 — 4H EMA 200 • 64,890 — Strong horizontal resistance formed during February–March 2026 🐻🪓While the short-term outlook remains bullish, it's important to keep the bearish scenario in mind as well. If Bitcoin loses 62,500, the next support levels are: Support levels: • 62,500 — Key support level where price has been consolidating since early June • 60,800 — Local horizontal support • 60,000 — Strong horizontal support Peace, everyone🌄 ⚠️ Disclaimer: All information shared on this channel is for educational and informational purposes only and should not be considered investment advice. The author is not responsible for your trading decisions. Always manage your risk and make your own independent decisions.