๐ฅ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ ๐ฎ ๐ ๐ฎ๐ธ๐ฒ-๐ผ๐ฟ-๐๐ฟ๐ฒ๐ฎ๐ธ ๐ฃ๐ผ๐ถ๐ป๐: ๐๐ ๐๐ต๐ฒ ๐ก๐ฒ๐ ๐ ๐๐ถ๐ด ๐ ๐ผ๐๐ฒ ๐๐ผ๐ฎ๐ฑ๐ถ๐ป๐ด? Bitcoin is testing a key structure on the chart again, with price action indicating a major move is imminent. After attempting to break through a strong horizontal supply zone, Bitcoin was rejected and is now trading within the Ichimoku cloud on the 6-hour chart. This cloud area currently acts as a dynamic support, helping to stabilize the price during recent corrections. Coupled with the ascending triangle pattern formed below, Bitcoin is clearly compressing โ building pressure for a decisive breakout or collapse. The key observation zone remains the horizontal supply zone. A clean breakout would confirm a bullish continuation and could trigger the next major rally. Conversely, a break below the ascending support trendline of the triangle would suggest bears are in control, opening the door for a deeper correction. At present, traders should remain patient and wait for clear confirmation signals. Momentum is building, and the next move of Bitcoin could set the tone for the coming days. $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC Daring (sans):
๐ฅ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ ๐ฎ ๐ ๐ฎ๐ธ๐ฒ-๐ผ๐ฟ-๐๐ฟ๐ฒ๐ฎ๐ธ ๐ฃ๐ผ๐ถ๐ป๐: ๐๐ ๐๐ต๐ฒ ๐ก๐ฒ๐ ๐ ๐๐ถ๐ด ๐ ๐ผ๐๐ฒ ๐๐ผ๐ฎ๐ฑ๐ถ๐ป๐ด?
Bitcoin is testing a key structure on the chart again, with price action indicating a major move is imminent. After attempting to break through a strong horizontal supply zone, Bitcoin was rejected and is now trading within the Ichimoku cloud on the 6-hour chart.
This cloud area currently acts as a dynamic support, helping to stabilize the price during recent corrections. Coupled with the ascending triangle pattern formed below, Bitcoin is clearly compressing โ building pressure for a decisive breakout or collapse.
The key observation zone remains the horizontal supply zone. A clean breakout would confirm a bullish continuation and could trigger the next major rally. Conversely, a break below the ascending support trendline of the triangle would suggest bears are in control, opening the door for a deeper correction.
At present, traders should remain patient and wait for clear confirmation signals. Momentum is building, and the next move of Bitcoin could set the tone for the coming days.
$BTC