📊 Bitcoin — 1H Analysis

In my Proprietary Strategy, I discussed yesterday’s potential breakout of a falling wedge pattern.

The chart shows exactly that. Bitcoin broke out of the top of the bullish pattern and moved towards the CME gap.

However, as a reversal pattern, the target is above 64k—most likely at the top of the long-term channel (~66.5k).

But here’s the thing: The breakout wasn’t driven by high volume. To see further price gains, we need two things to happen:

* A higher high on the 1H chart (>60.8k)

* Increased volume drives the price spike

📉 Bitcoin — 1D Analysis

Yesterday’s bullish price action doesn’t change much about the long-term outlook. While Bitcoin created a nice bullish engulfing candle, it’s simply moving within its sideways channel.

Furthermore, the downtrend based on VMA is still valid. Similar to previous days, 60/61k is the level to watch in terms of bullish momentum.

DYOR! #Write2Win #Write&Earn $BTC