$BTC today‼️
A trade executed from the lower boundary of the triangle on the Bitcoin price chart is currently delivering a profit of over 10%. In my view, it is crucial not to get overly greedy in the current market environment. Over the past 24 hours, the price has repeatedly tested the support line of this chart pattern but managed to return within its boundaries each time, which serves as a positive signal for buyers.
The news and geopolitical landscape have stabilized today, with no sharp spikes in tension observed. The prevailing supportive rhetoric and optimistic statements are likely to maintain this balance until the end of the week, up until the release of the fresh macroeconomic data on the labor market.
Notably, technical indicators do not reflect intense selling pressure despite the ongoing capital outflows from spot BTC-ETFs. Given these factors, the baseline scenario suggests a recovery of Bitcoin's price toward the upper boundary of the triangle, around the $78,200 mark.
Within this setup, I am opening a long position from the $77,100 level with a mandatory stop-loss order.
Wishing everyone profitable and successful trades💰💪
A trade executed from the lower boundary of the triangle on the Bitcoin price chart is currently delivering a profit of over 10%. In my view, it is crucial not to get overly greedy in the current market environment. Over the past 24 hours, the price has repeatedly tested the support line of this chart pattern but managed to return within its boundaries each time, which serves as a positive signal for buyers.
The news and geopolitical landscape have stabilized today, with no sharp spikes in tension observed. The prevailing supportive rhetoric and optimistic statements are likely to maintain this balance until the end of the week, up until the release of the fresh macroeconomic data on the labor market.
Notably, technical indicators do not reflect intense selling pressure despite the ongoing capital outflows from spot BTC-ETFs. Given these factors, the baseline scenario suggests a recovery of Bitcoin's price toward the upper boundary of the triangle, around the $78,200 mark.
Within this setup, I am opening a long position from the $77,100 level with a mandatory stop-loss order.
Wishing everyone profitable and successful trades💰💪
