• The previous scenario, where I considered the Descending Channel intersecting with PO3, is currently materializing, as evidenced by the price surging from $62,000 to almost $72,000 today.
The projected target of $80,000 remains firmly in focus.
• Furthermore, I am excited to introduce another scenario today that further validates the optimistic outlook amidst this prolonged phase of accumulation. This scenario involves the Inverted Head and Shoulders pattern, with a breakout target set even higher, at $90,000, calculated based on the distance of the "head" from the trendline resistance.
At present, there are no discernible bearish signals prompting consideration for short positions or the closure of our existing positions.
