Good evening 💙
On the 4-hour frame and daily frame, a Falling Wedge pattern has formed, and this is not just a bearish pattern but also a bullish reversal pattern.
This means that the overall direction is upward, but on smaller frames, there is a correction in the form of a descending wedge. A break below 106,000 means heading to the Demand Zone at 102,000 dollars.
By the way, this pattern is positive because it might not simply go to 102,000 and may rise to make a new peak if Bitcoin closes at 34,529,730,743 for two hourly closes at 108,340 dollars.
❄️ Suggestion: If you are in the market, it would be better to set the stop loss at 100,180 "instant stop"
If you are out of the market, I suggest waiting for the correction, and if you want to enter, the stop loss should be at 106,500 "two hourly closes"
On the 4-hour frame and daily frame, a Falling Wedge pattern has formed, and this is not just a bearish pattern but also a bullish reversal pattern.
This means that the overall direction is upward, but on smaller frames, there is a correction in the form of a descending wedge. A break below 106,000 means heading to the Demand Zone at 102,000 dollars.
By the way, this pattern is positive because it might not simply go to 102,000 and may rise to make a new peak if Bitcoin closes at 34,529,730,743 for two hourly closes at 108,340 dollars.
❄️ Suggestion: If you are in the market, it would be better to set the stop loss at 100,180 "instant stop"
If you are out of the market, I suggest waiting for the correction, and if you want to enter, the stop loss should be at 106,500 "two hourly closes"