š BTC Trendline Analysis: Rejection Continues!
š Monthly Trendline Struggle:
- š #BTC persists in facing rejection at a crucial trendline for the second consecutive month.
š Trendline as Resistance:
- š« The trendline currently acts as a formidable resistance, signaling challenges for #Bitcoin.
š Post-Halving Support Projection:
- š The trendline is expected to transform into support post-Halving.
- š Reclamation as support anticipated in the subsequent market phase.
š Strategic Perspective:
- š Awaiting the Halving event to potentially shift the trendline dynamics.
- š Until then, resistance is likely to persist based on historical trends.
š” Key Insights:
- š¤ Continuous rejection calls for strategic observation.
- š Post-Halving, trendline dynamics may undergo a significant shift.
š Stay Informed:
- š Monitor market developments around the Halving event for potential trend shifts.
š Future Outlook:
- š Post-Halving support could open new opportunities for #BTC.
- š Adapt trading strategies bed on evolving market dynamics.