Bitcoin Bulls Attempt Break of Structure : What to Watch For
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Bitcoin (BTC) bulls are showing early signs of dominance, attempting to break through a smaller resistance zone (blue zone). If successful, this breakout could lead to a test of the **major resistance level**, setting the stage for further upward movement.
However, traders should stay cautious. A rejection near this zone could indicate weakness and trigger a downward movement. Whether a breakout or rejection occurs, the market is likely to experience **one significant correction** in the near future. This presents an opportunity for **Dollar-Cost Averaging (DCA)**, which could be a smart move for investors in this volatile environment.
Conclusion :
Bitcoin's price action is at a crucial point. Bulls are pushing to break the current structure, but any weakness at resistance may result in a pullback. Regardless of the outcome, expect a potential correction soon.
Advice :
This may be a good time to **DCA** into BTC, accumulating gradually as the market shows signs of volatility. Keep a close watch on resistance zones and be prepared for potential corrections. Risk management is key in this uncertain phase.