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The current market structure is still strongly bullish 📈
BTC $BTC has successfully broken through a key resistance and now that area has turned into support (S/R flip). As long as the price stays above this zone, the chance for a continuation upward remains very open.
Technically:
- EMA 20 & 50 (1H/4H) are still trending up → momentum is still solid
- Volume increased during the breakout → validates the movement, not a fake breakout
- Higher high & higher low are still maintained → the uptrend structure has not been broken
My strategy:
Focus on long positions on pullbacks, not entries at the peak. Wait for a retracement to the support area or a clean retest for a safer entry.
As long as there is no strong breakdown + high volume downward, the bias remains bullish.
#GateSquareMayTradingShare