Long

Bitcoin is approaching a potential decision deadline

Updated

The consolidation around the support is finally forming a technical pattern and may be signaling a breakout soon.

Trade closed manually

Note that my breakout call was neutral. First, Bitcoin broke upwards after the approval of the spot ETF, then it came down from the triangle for liquidity capture.

Now the price is heading towards the previous rejection zone between 47K-49K. It might be a good time to take some profits.

The breakout reading is concluded. I'm closing the idea.

MrGekkoWallSt

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