🪙 #BTC

❗️In fact, on the daily chart, there was a false breakout of the trendline, with neither a price confirmation below it nor seller activity during the retest.

At the same time, Bitcoin broke above the MA50-100 and above the Ichimoku Cloud on the 4-hour chart, which will now serve as additional support.

⭐️Updating the chart a bit: Bitcoin is currently trading between 40K and 43K — these are two zones that act as support and resistance for the price. The sideways range, the breakout of which in one direction or another will indicate further medium-term price movement. However, it's crucial to remember the daily trendline — if the price does fall below it and firmly establishes itself, a decline could begin.

It's too early to speak definitively about the direction of BTC; I'm observing to make a well-informed decision on trades. We could either move towards 40K within the sideways range or go up to 45K, as we broke above the descending trendline.

Bitcoin certainly played its cards well, confusing many players who were anticipating a resolution of the situation.

Bitcoin Dominance: 53.46%;
Fear and Greed Index: 73 (Greed);
Altcoin Season Index: 53;
Market Capitalization: $1.57 trillion.