🔎 BTC Review (1h)

I suggest taking a look at Bitcoin on the hourly timeframe:

👀 Today, we'll examine the CME chart. We can see a gap forming, which is a clear target for us. A symmetrical triangle is gradually forming on the chart, but it's important to understand that the overall structure is still downward. So far, I see the situation as follows: the market has already been driven into a significant fear, so I'm increasingly inclined to believe that a reversal is imminent.

There are two main scenarios now:

1. We move up from here, consolidate above $77,830, thereby breaking the downward structure and opening the way for continued growth.
2. We make another downward move, cover the lower trend line, and gather liquidity, after which we'll see a full-fledged breakout of the structure into a long position.

For now, we'll closely monitor the price reaction – the next few moves could set the direction for a good distance.

#btc #usdt #usdc #xrp #Oil $GT $ETH $SOL