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Welcome to this quick BTC update. BTC is moving in a range of
27K
-$30k for many days. So what's next from here?
BTC is forming a symmetrical triangle-like structure in the daily time frame and once again it got rejected from the upper trendline of the triangle. We have two important supports below. One is at around
27K
and another one is at around
25K
level.
IMO BTC holds the first support of
27K
and we might see a quick bounce from there. For a bullish scenario, we need a clear breakout of this triangle. As of now let's see how the price reacts after reaching the
27K
level.
Invalidation:- Daily close below
27K
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank YOu!
Welcome to this quick BTC update. BTC is moving in a range of
27K
-$30k for many days. So what's next from here? BTC is forming a symmetrical triangle-like structure in the daily time frame and once again it got rejected from the upper trendline of the triangle. We have two important supports below. One is at around
27K
and another one is at around
25K
level. IMO BTC holds the first support of
27K
and we might see a quick bounce from there. For a bullish scenario, we need a clear breakout of this triangle. As of now let's see how the price reacts after reaching the
27K
level. Invalidation:- Daily close below
27K
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank YOu!
BTC holding the
Tomorrow CPI data will come out and I'm expecting a positive outcome of CPI data. However, we might see a quick dump before or around CPI and after that, we might see a quick pump.
Let's see how the market reacts tomorrow. Will keep updating you.