#BTC Market Update!
🔵 Technical Analysis (1D):
BTC is navigating through a falling wedge pattern. It has recently faced resistance at the upper #trendline and is now trending towards the lower support trendline. This movement indicates a period of consolidation within the pattern as the market prepares for a possible breakout.
🔵 Summary:
BTC remains within a falling wedge, having been rebuffed at the upper trendline and is now nearing the lower support level. We anticipate continued consolidation within this pattern until a breakout materializes.
$BTC Daily Range:
Upper Limit: $61,500Lower Limit: $60,500
(Approx. ±10% based on moving average volatility from opening to closing points)
🔵 Scalp Trading Opportunities (VIP): (For advanced traders - moderate/high risk)
🔵 Long Position: $58,000🔴 Short Position: $63,000