📈 Bitcoin Analysis:📈 M Pattern and Supply Dynamics 🚀

Technical Analysis:

The 4-hour chart indicates an M pattern, with a weak neckline around $68.5k.

🔥If BTC bounces from this level and closes above $71,382, consider a long position with a stop loss at $69,857.

The consecutive take profit target could be around $80,000.

Supply Dynamics:

🔥BTC has repeatedly checked supply levels around $59-60k. It currently awaits exhaustion of supply within the $68k-70k range.You can check the chart of mine that I have depicted with horizontal box with respect to volume.

📈Keep a contingency plan in mind, as markets can surprise us. Always leave a back door open.

Alternate Scenario:

🚀If BTC drops to check liquidity at $59-60k, consider taking an entry there with a 5% stop loss.

Remember, the crypto market is dynamic, and unexpected events can occur. Stay informed and adapt your strategy accordingly! #BitcoinTrends" #Fingerscrossed $BTC