THE BITCOIN BULLS ARE PUSHING
🐂🐂🐂🐂🟢🟢🟢🟢💚💚💚
Bitcoin's recent price action has been quite bullish, crossing the $60,000 mark and validating a key technical level known as the 3D entry.
The trend for Bitcoin currently looks quite strong:
* On the 4-hour (4H) time frame, the market appears to be in an upward trend, represented by a green bullish candle and a bull formation .
* Similarly, on the daily (1D) time frame, we see another green bullish candle and a bull symbol, indicating continued upward momentum.
* On the 3-day (3D), we observe green bearish candles, and on the weekly (1W) time frame and bear formation 🐻. This suggests that the long-term trend is still somewhat bearish, but with potential for short-term rallies like the one we're seeing now.
Finally, on the monthly (1M) time frame, we see a longer-term bearish candle and symbol, indicating a strong downward pressure in the Bitcoin market over the past month.
It's worth mentioning that today could be an important day for Bitcoin as traders hope to close above $60,000. If successful, this would likely provide further fuel for the bullish trend seen on shorter time frames. However, it's essential to remember that the long-term trend remains bearish, and caution is warranted when entering new positions in the market.
Trend:
4H- 💚🐂
1D-💚🐂
3D-💚🐂
1W-🩸🐻
1M-🩸🐻
