$BTC Market Update:
#BTC has been consolidating for over a week now. Of course, just like any good runner, some form of consolidation was to be expected after a big and quick move from 36k to 44.7k.
This Sunday, $BTC appears to be rebounding off the Support (Ascending Trend Line), which has held for over three weeks. A distinct bullish pinbar (Hammer) has formed on the 4H timeframe, a noteworthy signal given the potential for significant moves during the Sunday-to-Monday transition.
Despite the positive signs, I'm exercising caution and refraining from a substantial commitment until the price surpasses the minor resistance level (Descending Trend Line). Confirmation of a breakout would come with a price level above 42.8K and will be a clear sign for me to scale in BIG.
Short Term Target: 45.7k
Our Primary Target: 48.5k
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