#BTC
BTC Outlook Update:
On the smaller timeframe, there’s a strong breakout—price directly broke through the 825 resistance level, and the short-term high surged to around 874.00!
On the daily timeframe, you can see that it has broken out of the resistance zone. The next resistance area above is basically around 98k, and there is still quite a bit of room ahead. In the short term, it probably won’t reach there!
The smaller timeframe also shows signs of a possible pullback after the breakout. Keep an eye on the market—if the uptrend can’t continue, then it may enter a correction phase. Support is expected around 825.00!
If it breaks below, the strong rally would be over and the market would enter a deeper correction phase!
BTC Outlook Update:
On the smaller timeframe, there’s a strong breakout—price directly broke through the 825 resistance level, and the short-term high surged to around 874.00!
On the daily timeframe, you can see that it has broken out of the resistance zone. The next resistance area above is basically around 98k, and there is still quite a bit of room ahead. In the short term, it probably won’t reach there!
The smaller timeframe also shows signs of a possible pullback after the breakout. Keep an eye on the market—if the uptrend can’t continue, then it may enter a correction phase. Support is expected around 825.00!
If it breaks below, the strong rally would be over and the market would enter a deeper correction phase!
