Hi!
BTC is developing a well-proportioned Cup formation on the 15-minute timeframe, signaling a constructive recovery after the recent decline. The rounded base reflects gradual absorption of supply rather than panic selling, which is a healthy characteristic of continuation structures.
Following the impulsive breakout from the right side of the cup, the price entered a short-term consolidation below resistance, forming a mild pullback. This retracement is technically logical and currently aligns with the rising trendline, which acts as dynamic support. Such pullbacks often serve as momentum resets rather than reversals, provided structure remains intact.
The highlighted supply zone above the price explains the temporary hesitation. Acceptance above this zone would confirm strength and open the path toward the 90,200–90,600 area, matching the projected continuation from the cup structure.
Overall, this is a technically logical setup favoring continuation, with well-defined risk and invalidation.
BTC is developing a well-proportioned Cup formation on the 15-minute timeframe, signaling a constructive recovery after the recent decline. The rounded base reflects gradual absorption of supply rather than panic selling, which is a healthy characteristic of continuation structures.
Following the impulsive breakout from the right side of the cup, the price entered a short-term consolidation below resistance, forming a mild pullback. This retracement is technically logical and currently aligns with the rising trendline, which acts as dynamic support. Such pullbacks often serve as momentum resets rather than reversals, provided structure remains intact.
The highlighted supply zone above the price explains the temporary hesitation. Acceptance above this zone would confirm strength and open the path toward the 90,200–90,600 area, matching the projected continuation from the cup structure.
Overall, this is a technically logical setup favoring continuation, with well-defined risk and invalidation.
Transakcja zamknięta: osiągnięto wyznaczony cel
the short term target touched, but the long position failed!
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.