$BTC Analyse Updates 23rd August
From the 4-hour chart(pic1), BTC is still moving in the middle of the downward opening wedge. Now it has just emerged from the triangle formed by the buying and selling pressure.
Let's take a look at the 4-hour chart(pic 2). It is on the way up, and the resistance price of around 62750 has become a temporary challenge at this time. If BTC can break through this resistance value, then BTC will continue to climb in the short term, but the movement range is still in this channel.
Next, let's look at the 15-minute chart(pic 3). This is the third time that BTC has broken through the triangle resistance value of around 61100. It has successfully backtested and is now slowly and carefully breaking away from the "shackles" of the triangle.
đ°In the next near-term period, BTC has two possibilities for movement:
A, get rid of the shackles and start climbing, but please be careful of the resistance value of around 627500.
B, insufficient momentum, return to the triangle or coil around the triangle.
Give it some time, and it will show its final choice.
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