Hello Traders,
BTC is currently forming a symmetrical triangle on the 6-hour timeframe. Although the price is dipping, it remains within the triangle pattern. If it holds the support, a rebound is likely soon.
BTC needs to maintain support to confirm a potential rebound. However, a breakdown below $79K could be concerning.
We’ll wait for some time—possibly until the weekly close—for better confirmation.
Trade safely.
BTC is currently forming a symmetrical triangle on the 6-hour timeframe. Although the price is dipping, it remains within the triangle pattern. If it holds the support, a rebound is likely soon.
BTC needs to maintain support to confirm a potential rebound. However, a breakdown below $79K could be concerning.
We’ll wait for some time—possibly until the weekly close—for better confirmation.
Trade safely.
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.
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.