Technical Analysis: $BTC (Weekly and Daily Timeframes)

Weekly Timeframe:

The price action of $BTC has successfully completed its bull flag pattern, reaching an equal high to the flag's pole.

Daily Timeframe:

However, the price action faced rejection after forming a new All-Time High (ATH) at $99,588, suggesting potential consolidation or a short-term retracement.

Wrap-Up:

On the daily timeframe, the price action tested its crucial horizontal support level between $93,149 and $92,556.

However, the price is currently forming a lower lows and lower highs structure, indicating a continuation of the bearish trend unless a breakout occurs.

$BTC Daily Range:

Upper Limit: $99,200

Lower Limit: $90,954 (+-9.47 based on moving average volatility open/endpoints)

Scalp Entries (Advanced Traders Only - Moderate/High Risk): #bitcoin☀️

LONG: $94,335

SHORT: $92,556