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Bitcoin is at a key inflection point completing Wave E of the Contracting Triangle. Bullish Path: A breakout above triangle resistance targets \$72,100 first, with an extended target at \$73,600. Bearish Path: A breakdown below Wave E invalidates the setup, risking a drop to retest \$67,000. Key Rule: Enter longs on confirmed breakout; exit immediately if Wave E support fails.$BTC
Bitcoin is at a key inflection point completing Wave E of the Contracting Triangle. Bullish Path: A breakout above triangle resistance targets \$72,100 first, with an extended target at \$73,600. Bearish Path: A breakdown below Wave E invalidates the setup, risking a drop to retest \$67,000. Key Rule: Enter longs on confirmed breakout; exit immediately if Wave E support fails.$BTC
*If #BTC manages to hold the 50% area on the daily timeframe, we could see the market move higher from here. However, with the weekend ahead, some consolidation is also possible before the next move up.*
*The second scenario is that if BTC breaks below this area, we could see a move toward $61K or even lower.#BTC☀️ $BTC