BTC.D • Formed a rising wedge pattern on the weekly timefra | BsPufferfish on Binance Square

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BTC.D
• Formed a rising wedge pattern on the weekly timeframe. Typically, if this pattern plays out, the price retraces significantly.
• Facing strong resistance on the weekly and monthly timeframes.
• A breakdown of this pattern could potentially signal the beginning of a bull run.

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BTC

103,096

+2.02%

354

0

Replies 0

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$BTC .D has shown minimal movement over time, with no significant changes observed. It remains within the resistance zone of 56.8-57.7% and lacks a clear directional trend. A rejection from this zone is expected, potentially driving BTC.D down to the 54.9-54.2% range.

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Load some $XRP and hold💰 Looks ready for another leg up📈💲 Wanna catch our upcoming Signals❓ Click here 💸

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$BTC Shortly after this update, BTC hit the anticipated upper range of 101k-104k. It is currently encountering resistance at this level. If the momentum holds, another rejection could push BTC back down to the lower range of 93k-91k. Alternatively, reclaiming the upper range could lead BTC into price discovery mode again. Check my pinned post for upcoming Signals💸📈

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If we see another sharp ⚡️ move before a reversal, many inexperienced traders are likely to suffer losses, struggling to re-enter at the right time and recover from their stop-losses. While several critical levels have been hit with precision, some remain untouched. Bitcoin, in particular, has yet to reach any significant key level, as the recent moves mainly targeted high-volume coins and liquidity zones on major charts. Some of these zones have been reached, while others remain intact. For this reason, stop-losses on long positions should be set above break-even rather than at it. It’s better to secure a profit than risk liquidation, especially since tight stop-losses might not trigger if another ⚡️ move occurs. Taking partial profits is a prudent strategy, as holding your entire position in hopes of maximizing gains often leads to unnecessary losses driven by greed.

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$BTC Update Bitcoin is currently trading within a tight range of 93k to 101k, causing significant liquidations for both long and short positions. This has restricted proper movement in altcoins. After a recent dip, BTC is now moving upward within its current range. If this momentum continues, it could push the price toward the 101k-104k zone. A breakout above or breakdown below this range may lead to increased momentum in either direction. Until then, expect limited price movement and a continuation of the sideways trend. Check my pinned post for upcoming Signals💸

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