#Bitcoin - Daily update:
đ¶The share price has broken out of its bearish configuration (ascending wedge), triggering strong selling pressure!
As we're in the middle of the daily channel (3rd chart), it's hard to say whether the price will break higher or lower in the long term!
Very neutral zone [HTF]âłâ ïž
đ¶3 Important level to watch on:
61 700 - 59 500 and 57 100$
đ¶Upper key resistance: 62 800$!
đ·At the moment the price found support on the 58k level!
50% fib support at 57 150$ that could act as magnet levelđâ ïž
đĄIf the bulls manage to break above $62,800, I recommend closing your short positions!
Keep an eye on the [H1 downtrend] and bevel trend resistances now!
đA possible setup:
I see Pump to retest the 61 600$ - 62 000$ area;wedge breakout and fill the CME gap. (short term) đ
Then another dump to test the 50% fib support zone mentionned! đ
