BTC NewUpdate (2H)

614
This analysis is an update of the analysis you see in the "Related publications" section

As we had identified in the previous analysis, the price could have reversed to the upside from either the upper or lower green zone. It seems that the orders in the upper green zone were sufficient.

Given the break of the trigger line, the area marked by the yellow circle is now a key zone for us. If the price pulls back to this yellow circled area, it could move toward the red zone. And if the red zone is broken, we might witness a new all-time high (ATH).

The closure of a 4-hour candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

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