BTC appears to be getting rejected at the POC (Point of Control) levels, suggesting a potential retest of the trendline in the coming week before the uptrend continues. However, even if the rally resumes, the price action may form a choppy, diagonal structure rather than a clean impulsive wave.
Trade active
Note
Need to wait until it hits the line and bounces back
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.