📈 Bitcoin Update 📈
Hello everyone, let's update on Bitcoin. First, let's revisit our triangle pattern. Remember, we trade both sides of this pattern, and the breakout will depend on where the liquidity is. Currently, there is more liquidity to the downside, indicating a higher probability of breaking down. We also have a false breakout from the triangle, confirming its validity and the potential for a breakout in either direction.
Given the uncertain situation, I'm providing two targets: one for a long position at $37,750 and another for a short position at $34,900. Note that after analyzing USDT dominance, the situation appears similarly uncertain. To gain more confidence in the breakout direction, keep an eye on USDT dominance.
In any case, I recommend refraining from trades at the moment to avoid falling into a trap.#BTC $BTC