$BTC today‼️
Subscribers who utilized the trading ideas shared on the channel on Sunday have secured at least 30% in profit. (Not financial advice.) The hypothesis regarding a descending broadening wedge—or expanding channel—was confirmed by a breakout above its upper boundary. Expectations concerning potential BTC ETF-related buying activity have also materialized. The absence of negative news, combined with a prolonged period of price consolidation near the 50-day moving average, provides a strong psychological support level. Consequently, these signals support the opening of consecutive long positions, with a target of up to 10% profit per trade. While this conservative approach generally yields better returns than high-risk strategies, it may perform differently during a full-blown bull market. (Not financial advice.)
There is no significant macroeconomic data scheduled for release this week, giving the bulls some breathing room to push toward local price highs.
The price has now consolidated above the trend line of the chart pattern shown in the attached Bitcoin price chart. If the bulls can maintain these levels over the coming hours, I believe the short-term upward trend will continue.
Wishing everyone profitable trades💰💪
Subscribers who utilized the trading ideas shared on the channel on Sunday have secured at least 30% in profit. (Not financial advice.) The hypothesis regarding a descending broadening wedge—or expanding channel—was confirmed by a breakout above its upper boundary. Expectations concerning potential BTC ETF-related buying activity have also materialized. The absence of negative news, combined with a prolonged period of price consolidation near the 50-day moving average, provides a strong psychological support level. Consequently, these signals support the opening of consecutive long positions, with a target of up to 10% profit per trade. While this conservative approach generally yields better returns than high-risk strategies, it may perform differently during a full-blown bull market. (Not financial advice.)
There is no significant macroeconomic data scheduled for release this week, giving the bulls some breathing room to push toward local price highs.
The price has now consolidated above the trend line of the chart pattern shown in the attached Bitcoin price chart. If the bulls can maintain these levels over the coming hours, I believe the short-term upward trend will continue.
Wishing everyone profitable trades💰💪