BTCUSDT _ Daily technical analysis
Bitcoin has started a strong uptrend and managed to break out of our descending channel in the 4-hour time frame.
In the bullish channel drawn for him, I expect him to bear down a bit to the bottom of the bullish channel and then start a Sharpie bullish move to successfully break the daily resistance (orange line).
If the daily resistance is broken, we enter a buy position and can take profit up to the weekly resistance (pink line).
Considering that the process has just started and has relatively high power.
To confirm the entry, I look for the candle to close above the daily resistance in a shorter time frame, say 15 minutes, so I can open the position in time.
In the bullish channel drawn for him, I expect him to bear down a bit to the bottom of the bullish channel and then start a Sharpie bullish move to successfully break the daily resistance (orange line).
If the daily resistance is broken, we enter a buy position and can take profit up to the weekly resistance (pink line).
Considering that the process has just started and has relatively high power.
To confirm the entry, I look for the candle to close above the daily resistance in a shorter time frame, say 15 minutes, so I can open the position in time.