The breakout played out just as I was watching for, and $BTC has now moved above the trendline. 📈
The move looks encouraging, but I think the real confirmation comes next.
For me, the key is whether price can hold above the breakout level over the next 6 hours. If buyers keep defending it instead of giving it back, the breakout becomes much more convincing.
If that happens, the next area I'm watching is around $65K.
I'm still not expecting a straight-line rally, though. A small retest of the breakout zone would be completely normal and could even strengthen the setup if buyers step back in.
For now, bulls have the momentum. Let's see if they can hold onto it. 👀
#BTC #Bitcoin #Crypto #DYOR
The move looks encouraging, but I think the real confirmation comes next.
For me, the key is whether price can hold above the breakout level over the next 6 hours. If buyers keep defending it instead of giving it back, the breakout becomes much more convincing.
If that happens, the next area I'm watching is around $65K.
I'm still not expecting a straight-line rally, though. A small retest of the breakout zone would be completely normal and could even strengthen the setup if buyers step back in.
For now, bulls have the momentum. Let's see if they can hold onto it. 👀
#BTC #Bitcoin #Crypto #DYOR