Quiet Pulse 25
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+1
$BTC π
The larger-scale LH series still stands as of now βοΈ
Higher TF bearish divergences continue to accumulate here βοΈ
Potential scenarios:
- They reclaim the 80s sustainably and move up to the 90s.
- Rejection from the 80s could trigger a retraction to the 200DMA area (69k), and if it bounces from there, it could trigger a leg up to the 90s. βοΈ
*This type of mechanic already took place in March 2023.*
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$BTC locally
A falling wedge has formed here, a statistically bullish pattern. βοΈ
While above 75500, the uptrend is technically intact.
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$BTC range still ranging βοΈ
Reclaiming 78300 for upside continuation
Breaking below 75500 for correction βοΈ
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$BTC locally
In case this trend line gets rejected, a correction scenario will be highly likely to play out βοΈ
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$BTC update
Correction is also one of the options here. In case it drops below 75,500 (range lows), the 69,000s area is likely to happen. In case it holds, there will be a chance for the 92,000-93,000 area βοΈ
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$BTC update
Looks like they are not giving up on this leg up yet.
If we hold the current range here, it is likely to continue into the 90s βοΈ
Everything could change as always, but for now we have a chance βοΈ
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$BTC locally previously mentioned targets reached βοΈ
It could go somewhere higher, but it is highly likely that this is the final stage of the current leg 𦡠up βοΈ
In my opinion, new market lows will come π
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$BTC locally
Well, everyone got rugged through the weekend, maybe itβs time to move on
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$BTC thoughts π
If they take away Mayβs peaks, it could be something bigger; until then, itβs more likely to be a rugβοΈ
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$BTC is heavily overbought here.
In case of correction, going below 69 could trigger a full pump retrace.
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$BTC locally
69 reached as I told you yesterday βοΈ
Now possible sort of correction π
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$BTC
Clarity Act vote π³οΈ delayed βοΈ
Sunshine Act meeting cancelled βοΈ
Unfortunately, this space is running out of bullish news here βοΈ
Can't exclude a capitulation event π¨
