$BTC Warning!!

After showing the falling wedge pattern and breaking the $61,980 to $62,380 range as I pointed out, it seems like the false breakout is over.

Breaking above this level has confirmed the bullishness of the falling wedge pattern. Very soon, we will see an uptrend that could take us to around $64,000.

In the previous post, I gave a detailed explanation of the reason for the uptrend. I will summarize today for convenience.

Previous analysis summary:

*The market started at $57,844 and broke above $65,120.

*The resistance level of $66,820 is important due to the 190-day high of Bitcoin price.

*A break of $66,820 could lead to the next support level and a potential reversal point.

*Technical analysis points to $90,000 as a key reversal point.

Markets rarely move directly through key levels; they often fake breakouts and trap traders.

Current Situation:

*Market has filled half of the 20-day gap. This is a false breakout.

*After showing a falling wedge pattern and confirming the uptrend, it seems the false breakout is over.

*Looks like a reversal point is coming, but there is still uncertainty.

Special Tips:

Protect Capital: Focus on Big Moves.

Research & Stay Calm: Do Your Own Research.

Stay Informed: Monitor Market Movements.

Disclaimer:

This is not financial advice; confirm the trend before trading