Bitcoin: Potential up target and market structure

Updated

Both up target and market breakdown structure displayed, 1170 to be watched, as more information about the ETF releases the more information will be priced in for hard retraces.

Note

Breakout fueled by more ETF rumours, we can still test support of 1170ish but the break looks strong

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Finex hits 1222, hard rejection, watch the structure to see how it plays out. Need to hold above 1170 to resume rally

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Seems we held support block, stay tuned for more possible highs

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If we can hold daily closes above its looking good for more

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we held the 4hr mean, fractally this is still looking strong, since CNY hit 8600-8888ish in January, I think think we hate to touch $1250 USD spot

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1250 USD spot hit, watch this area for retracing/consolidating, to me this feels like a ETF / USD bull run anticipation pump

W.D._Goon

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