On this chart it looks like BTC got a confirmed breakout of the falling wedge, I'm curious how it will play out.
If we see some strength in the movement (aka more volume) I might reconsider to open up a long. Still longterm bullish short-term it looks a bit indecisive/choppy.
I think that if we don't make a higher high on the 4h it probably will be a bearish re-test and we might go for a lower correction.
As I stated earlier, the zone that I'm watching right now is the green zone of support. I would see us heading in the short term in the direction of 62.5K but preferably somewhere around the 64K level since that is much more decisive in my opinion.
If we see some strength in the movement (aka more volume) I might reconsider to open up a long. Still longterm bullish short-term it looks a bit indecisive/choppy.
I think that if we don't make a higher high on the 4h it probably will be a bearish re-test and we might go for a lower correction.
As I stated earlier, the zone that I'm watching right now is the green zone of support. I would see us heading in the short term in the direction of 62.5K but preferably somewhere around the 64K level since that is much more decisive in my opinion.
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