BTC has recorded a bullish breakout from the Falling Wedge pattern. As a result, we temporarily moved above the psychological key level of $30,000 USD and even achieved a higher high for the first time in this correction phase with the daily close.
Today at 4:00 AM, we observed a bounce at the planned support level. Currently, we are in the process of forming a higher low, which could indicate a potential bullish trend reversal.
Since I was not in the trade at 4:00 AM, I intend to now capitalize on the retracement to enter at a higher low.
On a macro level, it's becoming interesting.
When we look at the Super Macro Range of the last bull run, we are currently at the value area low (VAL) of this significant range. Should BTC continue to hold this position, I see substantial potential for further bullish movement. 📈
If we manage to break out bullishly from the Rising Wedge, I can envision the following movement:
It remains exciting to see how things will develop!
Today at 4:00 AM, we observed a bounce at the planned support level. Currently, we are in the process of forming a higher low, which could indicate a potential bullish trend reversal.
Since I was not in the trade at 4:00 AM, I intend to now capitalize on the retracement to enter at a higher low.
On a macro level, it's becoming interesting.
When we look at the Super Macro Range of the last bull run, we are currently at the value area low (VAL) of this significant range. Should BTC continue to hold this position, I see substantial potential for further bullish movement. 📈
If we manage to break out bullishly from the Rising Wedge, I can envision the following movement:
It remains exciting to see how things will develop!