đ This week could be pivotal for $BTC as it aims to break through key resistance levels.
đ W Pattern Signals Rise
BTC is currently forming a W pattern, which often signals a bullish rise. If BTC succeeds in breaking through the 65,000 area, we can expect a gradual upward movement. đ Achieving this pattern could be a strong indicator of further gains.
â ïž Caution with Gann Trends
However, itâs important to note that BTC's movement with Gann trends isnât showing positive signs. Despite this, the W pattern and a strong harmonic pattern provide an optimistic outlook.
â Risk of Downward Movement
If BTC fails to break through, it could signal a gradual decline. This could lead to a dangerous collective liquidation, especially considering that the market has been stagnant since the interest rate cut announcement, and BTCâs movement has been almost dead. đ€
đ Key Levels to Watch
For any significant rise to occur, BTC must first break through the 64,500 area, followed by the 65,000 resistance. Failure to reach these levels may lead to further consolidation or decline, reducing the chances of a rally đ«.
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