🔷️ On the daily chart, $Bitcoin (#BTC) had formed a rising wedge pattern, which resulted in a downward breakout. The price has now reached a zone considered a “strong support.” A potential upward reaction could occur from this level, but if the support is broken, the risk of further decline significantly increases. Momentum indicators remain weak and trading volume is not strong enough to confirm a solid reversal. Therefore, while a reaction is possible, it should be monitored closely.
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🔷️ On the daily chart, $Bitcoin (#BTC) had formed a rising wedge pattern, which resulted in a downward breakout. The price has now reached a zone considered a “strong support.” A potential upward reaction could occur from this level, but if the support is broken, the risk of further decline significantly increases. Momentum indicators remain weak and trading volume is not strong enough to confirm a solid reversal. Therefore, while a reaction is possible, it should be monitored closely.
This is not investment advice.
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