pcmonk

Bitcoin Bullas wants to push it higher on Monthly Close!

Short
pcmonk Updated   
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
BTC/1H `at the bottom of rising broadening wedge Forming another pennant `

After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge
The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again

Also today is **Monthly Close** if btc loses 23K and close below, depending on the momentum of the move we could consider it very bearish
Some liquidity Cluster to be taken at 24.6 which can cause bitcoin to legup again if it breaks above 24.7

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Comment:
If the breakout of the top of the pennant is valid with the retest , then the legup to 24.6 is happening due to the high liquidation cluster there.

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