1️⃣ First, in June, after a bearish trend, BTC formed a falling correction/pause, and then we experienced a shift in momentum from bearish to bullish.

2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed.

3️⃣ In September, once again, BTC formed a falling correction and then traded higher.

🖊 We can clearly see that this pattern is playing out nicely on the BTC Daily chart.

4️⃣ If we apply the same logic to the current price action, BTC should be in a rising correction phase.

For it to be confirmed, we need BTC to reject the upper green trendline again and then break below the last low in green at 33,000. In this case, we will be expecting a bearish trend to start, reaching around the lower orange trendline at 29,000.

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