BITCOIN
$BTC is carving out a textbook consolidation on the 1H chart, clearly defined by the beige rectangle.
After rising from the ashes like a phoenix on Scott Bessent’s buyback announcement (a heterodoxy that has consistently fueled crypto), the market is now quietly accumulating strength.
To confirm a fresh, clear uptrend it needs a power breakout on this timeframe, ideally the high volume green ignition bar like I’ve marked.
The current volume dry up is normal during trend rest phases. A breakdown of this range would not be.
Stay sharp
$BTC is carving out a textbook consolidation on the 1H chart, clearly defined by the beige rectangle.
After rising from the ashes like a phoenix on Scott Bessent’s buyback announcement (a heterodoxy that has consistently fueled crypto), the market is now quietly accumulating strength.
To confirm a fresh, clear uptrend it needs a power breakout on this timeframe, ideally the high volume green ignition bar like I’ve marked.
The current volume dry up is normal during trend rest phases. A breakdown of this range would not be.
Stay sharp
