Bitcoin btc long opportunity
Pull the transaction distribution, POC is located at around 40k, and it happens to be the central axis of the consolidation relay triangle. The price tested 39.5k last night and made a false breakdown of the consolidation triangle. The corresponding price should have a real upward breakout. The price is currently testing the upper edge of the triangle. The view remains the same, and the probability of an upward breakout is still higher. The odds of making more money will be higher than making less money.
If the price breaks through successfully, pay attention to the two resistances above. These two positions are also short positions that shorts can try. The first one is near the POC position of the consolidation triangle relay above, and it is also at the 0.382 position, which is around 42.7k. The second point of concern is the VAL of the consolidation box above, which coincides with 0.66, which is around 45.5k. If these two positions can be broken through successfully, then the target will be 48k and 50k above.
I personally don't like to stare at the market. I prefer left-hand trading strategies. Trading strategies are time-sensitive. All statements do not constitute any investment advice. I wish you all good luck~
