Market Analysis
April 5, 2024
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⚪️TECHNICAL (1D)
BTC is currently consolidating within a bullish pennant chart pattern, indicating a potential continuation of its upward trend. A breakout from this bullish pennant would serve as confirmation of the bullish sentiment, suggesting further upward movement in BTC's price. Conversely, a breakdown followed by a retest of the bullish pennant could signal a shift in momentum towards bearishness, particularly impacting altcoins in the market.
⚪️WRAP-UP (VIP)
BTC currently consolidating in bullish pennant pattern. Breakout confirms bullish trend. Breakdown retest signals bearish trend for Alts.
$BTC DAILY RANGE:
📈Upper Limit: 69000
📉Lower Limit: 65000
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲64500
🔴SHORT
💲70000
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