💎BTC Update - JULY 12 🚨
1. Triangle and Channel Formation:
- BTC is forming a TRIANGLE and a CHANNEL on the chart.
- Currently, it is on the LOWER SUPPORT TREND LINE, trying to hold the 56.5K SUPPORT.
2. Bullish Conditions:
- If BTC CLOSES ABOVE the TREND LINE with 2-3 CANDLES on the 4-hour chart, an UPWARD MOVE is expected.
3. Bearish Conditions:
- If Bitcoin BREAKS BELOW 56.5K, the MARKET will turn BEARISH.
- If SELLING occurs, it could BREAK DOWN further.
SUMMARY:
- Bullish: Close above the trend line with 2-3 candles on the 4-hour chart.
- Bearish: Break below 56.5K.
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