$BTC looks a lot like a rerun of the 2023 playbook.
First came a sharp rally, followed by a pullback. Now, similar signals are emerging in the chart structure. If things unfold as before and extend by about 18%, 94000 will be the next level to watch.
The bulls may really be gearing up for a big move.
But similar price action never guarantees a rally. What really determines the direction is whether the breakout is confirmed and whether volume backs it up. Without volume, even the prettiest chart pattern is just a drawing.
Could the next leg of the move be just around the corner? I’d rather wait for confirmation than guess now.
$BTC #比特币 #MarketAnalysis
First came a sharp rally, followed by a pullback. Now, similar signals are emerging in the chart structure. If things unfold as before and extend by about 18%, 94000 will be the next level to watch.
The bulls may really be gearing up for a big move.
But similar price action never guarantees a rally. What really determines the direction is whether the breakout is confirmed and whether volume backs it up. Without volume, even the prettiest chart pattern is just a drawing.
Could the next leg of the move be just around the corner? I’d rather wait for confirmation than guess now.
$BTC #比特币 #MarketAnalysis