#Bitcoin
Timeframe: 4h
Local peak at 106500.00 has been updated, opening the way for a bullish scenario. However, before a new upward surge, there will likely be a correction to 104000.00. At the end of the upward movement, a terminal diagonal was formed that can be played out.
Not all here are traders, and it may be unclear why I expect growth but forecast a decline. It's simple: the local picture (correction) and global (growth) can coexist. The market always moves with pullbacks.
We are watching the scenario's development. According to the global trend — the target is around $120000.00
©️ ikigai
Timeframe: 4h
Local peak at 106500.00 has been updated, opening the way for a bullish scenario. However, before a new upward surge, there will likely be a correction to 104000.00. At the end of the upward movement, a terminal diagonal was formed that can be played out.
Not all here are traders, and it may be unclear why I expect growth but forecast a decline. It's simple: the local picture (correction) and global (growth) can coexist. The market always moves with pullbacks.
We are watching the scenario's development. According to the global trend — the target is around $120000.00
©️ ikigai
