BTC Breaks the Falling Wedge — Is $81.4K Next?
Bitcoin is still holding the Support Zone ($79,150-$80,400) and remains above the key $79,920 level.
More importantly, $BTC has broken above a Falling Wedge, and the bullish momentum of the past few hours could strengthen as U.S. markets open.
Now the story moves to $80,550.
If buyers break this level, I expect another attack on the Resistance Zone ($80,680-$81,100) and the upper trendline of the developing Symmetrical Triangle.
A confirmed breakout could then open the way toward the Cumulative Short Liquidation Leverage ($80,920-$81,400).
Macro Outlook
My current scenario is for oil to cool temporarily through tomorrow. If that happens, Risk-On sentiment could improve and give Bitcoin, Ethereum and the broader crypto market more room to recover.
Trade Setup
TP1: $80,497
TP2: $80,649
TP3: ($80,920-$81,400)
SL: $79,390
Key Levels: $79,920 | $80,550 | $80,820
CME Gap: ($80,745-$80,835)
Long Liquidation: ($78,520-$78,920)
For me, $80,550 is the first key trigger.
Which comes first?
🟢 $81,400
🔴 $79,390
Bitcoin is still holding the Support Zone ($79,150-$80,400) and remains above the key $79,920 level.
More importantly, $BTC has broken above a Falling Wedge, and the bullish momentum of the past few hours could strengthen as U.S. markets open.
Now the story moves to $80,550.
If buyers break this level, I expect another attack on the Resistance Zone ($80,680-$81,100) and the upper trendline of the developing Symmetrical Triangle.
A confirmed breakout could then open the way toward the Cumulative Short Liquidation Leverage ($80,920-$81,400).
Macro Outlook
My current scenario is for oil to cool temporarily through tomorrow. If that happens, Risk-On sentiment could improve and give Bitcoin, Ethereum and the broader crypto market more room to recover.
Trade Setup
TP1: $80,497
TP2: $80,649
TP3: ($80,920-$81,400)
SL: $79,390
Key Levels: $79,920 | $80,550 | $80,820
CME Gap: ($80,745-$80,835)
Long Liquidation: ($78,520-$78,920)
For me, $80,550 is the first key trigger.
Which comes first?
🟢 $81,400
🔴 $79,390
