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Chong Kreiter RcBD
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#ckb

#ckb

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DIVMZ
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Bearish
In terms of technical analysis:

The 1hr chart has formed a rising wedge pattern
The 1d chart is forming a triple top with the 3rd top appearing to be rejected from the 71k-73k resistance zones.

Both patterns are bearish indicators.

The current volumes at the time of writing are low so the bearishness of these patterns wont be confirmed until the breakthrough of the rising wedge support in high volume. But generally i tend to believe a correction back to 68k levels will be coming and is much needed after todays high volatility and manipulation.

Also according to Benjamin Cowen, If $BTC repeats the pattern that it had going into the spot ETF as it goes into the halving, then it would look something like this.

Usually these patterns do not repeat exactly, but just showing it here in case something similar happens once again.

Personally im taking a bullish position from 68.2k But for the next 2 days BTC is entering a cool down to this zone before the actual halving rally.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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