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CryptoPsychic

Bitcoin is forming a flag pattern and rejecting from the top. Looking at the bullish market structure, we can see a push higher towards resistance now, and retracements are intact until $78,800.


#GateSquareMayTradingShare #CLARITYActPassesSenateCommittee
$BTC
BTC-2.25%
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BridgeHopster
· 4h ago
The bullish structure is still there, but the rejection was a bit harsh. Watch to see if the volume can keep up.
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NeonVortexInTheSmog
· 4h ago
I personally prefer to wait for a pullback around 78k before building a position; currently chasing higher carries a higher risk-to-reward ratio.
View OriginalReply0
BlueLakeOverlooker
· 4h ago
If the 78,800 retracement level holds, the next breakout will be stable, and the flag pattern will follow the standard form.
View OriginalReply0
GateUser-f92ba9fa
· 4h ago
The bill has passed on the Senate side, providing macro support for crypto, with technical and fundamental aspects resonating.
View OriginalReply0

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