📊#BTC.W Update
🧠From a structural perspective, we haven't successfully broken through the blue resistance zone yet, and are still consolidating sideways within it. Only a strong breakout of this area can allow us to maintain a bullish stance.
➡️From a chart perspective, there's a possibility of a bearish flag pattern forming here. We need to closely monitor the support at the lower edge of the flag.
➡️From a time perspective, the consolidation period in this yellow zone is approaching the same duration as the previous yellow zone. We should be wary of potential sharp fluctuations. Whether it will be a strong upward breakout or a downward move to gain liquidity before breaking out, we don't need to speculate; we just need to patiently wait for the market to provide the outcome.
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BTC
95,455.48
+0.86%