💡 In bull markets, triangles break UP more often than down.
But volume + macro + ETF flows > patterns.
Set alerts, manage risk, stay nimble.
#BTC #CryptoAlpha #RiskManagement
🎯 Key Levels Analysis:
✅ Resistance: 106.3K
→ This level matches the upper bound of the symmetrical triangle and is reinforced by multiple recent rejections. Also aligns with previous highs.
✅ Support: 103.7K
→ Mid-range horizontal support. Price reacted here multiple times. It's also near the triangle base.
✅ Support: 99.6K
→ Clean psychological + technical level. A previous consolidation zone. Would likely trigger a strong reaction.
✅ Last Line of Bull Defense: 95.2K
→ Major horizontal support from the April/May breakout structure. Losing this would likely invalidate the bullish structure.
But volume + macro + ETF flows > patterns.
Set alerts, manage risk, stay nimble.
#BTC #CryptoAlpha #RiskManagement
🎯 Key Levels Analysis:
✅ Resistance: 106.3K
→ This level matches the upper bound of the symmetrical triangle and is reinforced by multiple recent rejections. Also aligns with previous highs.
✅ Support: 103.7K
→ Mid-range horizontal support. Price reacted here multiple times. It's also near the triangle base.
✅ Support: 99.6K
→ Clean psychological + technical level. A previous consolidation zone. Would likely trigger a strong reaction.
✅ Last Line of Bull Defense: 95.2K
→ Major horizontal support from the April/May breakout structure. Losing this would likely invalidate the bullish structure.
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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.
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.