BTC is currently consolidating within a falling wedge pattern, managing to stay above the designated level. A breakout above this level could result in a retest of the support trendline within the wedge.
Conversely, a bounce from this point followed by a breakout of the wedge would signal a shift in bullish momentum. Given the current market uncertainty, it is crucial to keep a close eye on price action.
Summary: BTC remains within a falling wedge, holding above a critical level. A breakout would prompt a retest of the support trendline, while a bounce and subsequent breakout would indicate bullish sentiment.
Given the market volatility, it remains crucial to remain vigilant about price action. Bitcoin daily range: Upper limit: $63,500 Lower limit: $60,200
Long entry: $57,000 Short entry: $65,000
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