⚪️TECHNICAL (1D)
The current chart pattern is indicating a bullish pennant formation, suggesting a potential uptrend in the market. A confirmation of this bullish sentiment would occur with the breakout of the bullish pennant formation. However, it's important to note that if a breakdown retest occurs following the breakout, a correction may also be expected. This correction could serve to validate the strength of the breakout and provide further clarity on the market direction.
WRAP-UP
Bullish pennant pattern: Breakout confirms bullish rally. Breakdown retest signals correction.
$BTC DAILY RANGE:
📈Upper Limit: 69674
📉Lower Limit: 64550
(+-10% based on moving average volatility open/endpoints)
SCALP ENTRIES
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64000
🔴SHORT
💲70000