BTC THE STAGE IS YOURS NOW

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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BTC QUICK UPDATE 📚

👉As we can see price is still from a medium-term perspective overall bullish trading inside this rising broadening wedge pattern.

Moreover, price approached a massive rejection zone, which is our all-time high 70k-72K, where we will be looking for new shorts as well, adding on, price is sitting around our upper bound of the rising broadening channel, acting as an over-bought zone.

👉Meanwhile, from a shorter-term perspective, price is still overall bullish trading inside this channel, and for the bears to take over, we need a new swing low to be formed then a break as shown on the chart, then a movement lower would be expected.

Unless OfCourse price managed to break above 72k, then a movement higher would be expected. 📚


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!