$BTC Alert!

$BTC Alert!!

I said that, “Market is now giving fake break out, to trap us. Buyers are very active in the market, we will see an up trend very soon. "

I said this by analyzing in 1 day and 30 min time frame. But the market is not going up, so what is happening with bitcoin? Let's see.

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1-Day Time Frame:

* After reaching its peak, Bitcoin’s market showed signs of weakening, leading many to anticipate a drop to $40k.

*However, the market broke a 215-day trend, prompting a reconsideration of potential upward movement.

*Awaiting final confirmation, I remain optimistic about a possible uptrend in the coming days, despite differing opinions suggesting a downturn.

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30-Minute Time Frame:

* Recently, market goes down to the range of $61,980 - $62,380. Here market consolidate for almost 2 -3 days.

* Observing a falling wedge pattern, which is typically bullish and indicates a potential reversal or continuation of an uptrend.

* Both the 1-day and 30-minute time frames suggest an upward move soon.

//Falling wedges are bullish patterns that typically indicate either a reversal or continuation of an uptrend. When this pattern breaks upward, it signals a bullish move.

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Conclusion:

*As the day time frame and 30 min time frame both indicate an up trend, I hope we can see an upward move soon.

* Markets rarely move in a straight line; corrections, consolidations, and fake outs are common.

* While technical analysis is a valuable tool, the market’s unpredictability means it cannot be relied upon 100%.

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Special Tips:

Protect Capital: Focus on major swings.
Research & Stay Calm: Do your own research.
Stay Updated: Follow market movements.

Disclaimer:
This is Not a financial advice; confirm trends before trading.