#موضوع_للنقآش #مارايك🫵
**#BTC | W pattern extending over the weekly timeframe 📈**
After a sharp drop, Bitcoin formed a bottom near **60,000$**, then rebounded to a peak near **82,000$**.
After that, the price returned and dipped slightly below the first low to around **58,000$**. This is the **extension** move: pulling liquidity from beneath the low, followed by a strong upward reversal indicating that the sellers lost control.
✅ **Breakout:** The current weekly candle at **85,795$** is above the previous high (82,000$).
🎯 **Theoretical target:** The pattern’s rise (~22,000$) added to the breakout point equals roughly **104,000$**
🛑 **Invalidation:** A weekly close below **82,000$** weakens the pattern, and breaking **58,000$** invalidates it.
💡 **Note:** Often the price returns to retest the breakout zone (82,000$) before continuing, and this can be a better risk-managed entry.
⚠️ Educational technical analysis, not a recommendation to buy or sell. Stick to risk management.
$BTC
**#BTC | W pattern extending over the weekly timeframe 📈**
After a sharp drop, Bitcoin formed a bottom near **60,000$**, then rebounded to a peak near **82,000$**.
After that, the price returned and dipped slightly below the first low to around **58,000$**. This is the **extension** move: pulling liquidity from beneath the low, followed by a strong upward reversal indicating that the sellers lost control.
✅ **Breakout:** The current weekly candle at **85,795$** is above the previous high (82,000$).
🎯 **Theoretical target:** The pattern’s rise (~22,000$) added to the breakout point equals roughly **104,000$**
🛑 **Invalidation:** A weekly close below **82,000$** weakens the pattern, and breaking **58,000$** invalidates it.
💡 **Note:** Often the price returns to retest the breakout zone (82,000$) before continuing, and this can be a better risk-managed entry.
⚠️ Educational technical analysis, not a recommendation to buy or sell. Stick to risk management.
$BTC
