BTCUSDT 1H UPDATE
🔅we mentioned that the range of 37,100 to 37,500 is an important range that with the failure of this range and pullback again took the uptrend guard.
But is that the whole story?
Have we entered an ascending phase?
1️⃣Maybe it is a Bull Trap (if you are not familiar with the Bull / Bear Market, click here)
2️⃣Maybe it is the impact of the US $ 6 trillion budget and the start of a new upward wave.
📍Bitcoin has reached a significant supply range (38,500 to 39,100)
All professional traders' eyes are on the market reaction to this range.
We are in the process of correction until it leaves this triangle, but as soon as we leave this triangle and stabilize outside the triangle, we can hope for higher ascending targets.
But is that the whole story?
Have we entered an ascending phase?
1️⃣Maybe it is a Bull Trap (if you are not familiar with the Bull / Bear Market, click here)
2️⃣Maybe it is the impact of the US $ 6 trillion budget and the start of a new upward wave.
📍Bitcoin has reached a significant supply range (38,500 to 39,100)
All professional traders' eyes are on the market reaction to this range.
We are in the process of correction until it leaves this triangle, but as soon as we leave this triangle and stabilize outside the triangle, we can hope for higher ascending targets.
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