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๐จ Important Technical Update for Bitcoin Movement ($BTC ): Moment of Decision! ๐
Bitcoin is now at a crossroads. Based on the latest technical analysis on the (2-hour/hour) timeframe, here are the key points to watch:
๐ข Positives:
1๏ธโฃ The price successfully bounced off the main upward trend (price channel).
2๏ธโฃ The minor downtrend has been broken, indicating a preliminary sign of momentum returning.
๐ฏ Condition: Continued upward movement requires a 4-hour candle close above the pivotal area of $78,500 and to stay above it.
๐ด Negatives:
Failure to break this resistance and a return to breaking the upward trend downward will invalidate the positive scenario.
The market needs momentum now, so let's watch the closes carefully!
โ ๏ธ Warning: This analysis is not financial advice. Trade cautiously and implement strict risk management. (DYOR)
#WCTCTradingKingPK #BTC #BITCOIN: #Bฤฐtcoฤฐn