$BTC Alert!! Yesterday, I talked about the falling wedge | Oxymoron on Binance Square

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$BTC  Alert!!
Yesterday,  I talked about the falling wedge pattern. 
I said,  “ On the 30-minute chart, we notice a falling wedge pattern forming. When this pattern breaks upward, it signals a bullish move.”

 Now that the market has broken this pattern and gone higher, let's talk about the next possibility.

1. We know when the falling wedge pattern is formed and the market breaks this pattern and goes up, it signals a bullish move. 
2. But the market can be unpredictable, so we need double confirmation. 
3. As I show in the picture, 
if the market crosses the $61,980 - $62,380 price point, then the market will confirm the bullish move. This can lead to $66,820. 

4. But,
If the market rejects this resistance and cannot break through, we could see further consolidation or a down move, which could lead to the $57,844 price point.


5. Here’s a succinct summary:
* Bitcoin broke out of a falling wedge pattern—a bullish sign.
* Watch for confirmation if it crosses the $61,980 - $62,380 resistance.
* If the market rejects this resistance, Potential downside or consolidation, with $57,844 as a key level


Special Tips:
Protect Capital: Focus on major swings.
Research & Stay Calm: Do your own research.
Stay Updated: Follow market movements.
Disclaimer:
This is Not a financial advice; confirm trends before trading.

Oxymoron

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$BTC Alert!

people are still confused.
Just as I said,
"The market has reached $60,500 and now it's consolidating for an upcoming big change."

Then I also say that,

" Breakout Watch:
If the price goes above $62,740 and $62,330, it might head towards $66,820.

Support Levels:
If the price doesn't go up and cross $59,200. It might drop to around $57,844 to fill a gap from the last 15 days. "

People are still confused. So let's dive into a detailed analysis.
//I will add some information that I used before in my previous post for better understanding.

Now, let’s dive deeper:

* Recent Price Action:
Over the last 15 days, Bitcoin’s price moved from $57,844 to breach $65,120.
Ideally, this bullish trend should have continued past the $66,820 resistance level.

* Why $66,820 Matters:
$66,820 is crucial—it’s where Bitcoin hit its highest price 190 days ago.
But here’s the catch: Support levels have weakened, and resistance remains tough.

* Potential Reversal:
Breaking the $65,120 resistance hints at a trend reversal.
If BTC reaches $66,820, it might signal the end of the current trend.

*Market Mind Games:
Markets rarely play fair. They fake breakouts, trap traders, and then reveal their true intentions.

Que: So, what’s next?

Ans: The market is still consolidating. On the 30-minute chart, we notice a falling wedge pattern forming.

//Falling wedges are bullish patterns that typically indicate either a reversal or continuation of an uptrend. When this pattern breaks upward, it signals a bullish move.

However, we’ll remain cautious and wait for confirmation before making any decisions.

So, I am saying it again,

* Breakout Watch:
If the price exceeds $62,740 and $62,330, expect a potential move toward $66,820.

*Support Levels:
If the price fails to rise and cross $59,200, anticipate a drop to approximately $57,844 to fill the recent gap.

Disclaimer: This is Not a financial advice; confirm trends before trading.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

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