🚨 BTC Market Update Key Points
BTC surged around 23% in the latest weekly candle, reaching roughly 26% at its peak. This strong move could indicate that the previous bear market may be coming to an end.
However, full bullish confirmation has not happened yet. BTC needs to break the 50-Week SMA, Anchored VWAP, and current weekly resistance/high.
The Daily SMA breakout and RSI trendline breakout are bullish signals, but RSI cooling down could lead to a short period of consolidation.
You don’t need to catch the exact bottom. A DCA strategy can help manage risk:
35% at the current market level
35% after a confirmed Higher Low or around the Golden Pocket if price retraces
30% around deeper support/previous lows or after further confirmation
If BTC moves higher, consider adding on Higher Lows. If it moves lower, use key retracement and support zones to average your entry.
BTC currently appears to be forming a Falling Wedge pattern.
Long Setup 1: A confirmed breakout above the Falling Wedge resistance could provide a Long opportunity. Use a Stop Loss in case of a fakeout.
Long Setup 2: If BTC retraces toward strong support and the Bullish Order Block holds with confirmation, another potential Long setup may develop.
🎯 Bottom Line
BTC is showing bullish signs, but full confirmation is still pending. Instead of waiting endlessly for the perfect bottom, a risk-managed DCA strategy combined with confirmation-based entries may provide a more practical approach.
$BTC
BTC surged around 23% in the latest weekly candle, reaching roughly 26% at its peak. This strong move could indicate that the previous bear market may be coming to an end.
However, full bullish confirmation has not happened yet. BTC needs to break the 50-Week SMA, Anchored VWAP, and current weekly resistance/high.
The Daily SMA breakout and RSI trendline breakout are bullish signals, but RSI cooling down could lead to a short period of consolidation.
You don’t need to catch the exact bottom. A DCA strategy can help manage risk:
35% at the current market level
35% after a confirmed Higher Low or around the Golden Pocket if price retraces
30% around deeper support/previous lows or after further confirmation
If BTC moves higher, consider adding on Higher Lows. If it moves lower, use key retracement and support zones to average your entry.
BTC currently appears to be forming a Falling Wedge pattern.
Long Setup 1: A confirmed breakout above the Falling Wedge resistance could provide a Long opportunity. Use a Stop Loss in case of a fakeout.
Long Setup 2: If BTC retraces toward strong support and the Bullish Order Block holds with confirmation, another potential Long setup may develop.
🎯 Bottom Line
BTC is showing bullish signs, but full confirmation is still pending. Instead of waiting endlessly for the perfect bottom, a risk-managed DCA strategy combined with confirmation-based entries may provide a more practical approach.
$BTC
