Hello TradingView Family / Fellow Traders,
📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge, forming another bullish impulse that confirms the ongoing upward trend.
Consequently, we've identified and outlined a rising channel in orange.
BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📉 Meanwhile, considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range.
This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge, forming another bullish impulse that confirms the ongoing upward trend.
Consequently, we've identified and outlined a rising channel in orange.
BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📉 Meanwhile, considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range.
This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。