BTC has broken out of the descending wedge pattern and is currently undergoing a retest above it.
Success in this test will serve as a strong bullish confirmation to continue the upward movement. The market structure remains bullish as long as the price stays above the horizontal support level of the pattern. However, any downward break followed by a failed retest will indicate the start of a new corrective phase.
We are monitoring the daily close to confirm stability, or "the eyes now on liquidity levels at rebound zones" to provide a more personal and technical perspective.
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BTC has broken out of the descending wedge pattern and is currently undergoing a retest above it.
Success in this test will serve as a strong bullish confirmation to continue the upward movement.
The market structure remains bullish as long as the price stays above the horizontal support level of the pattern.
However, any downward break followed by a failed retest will indicate the start of a new corrective phase.
We are monitoring the daily close to confirm stability, or "the eyes now on liquidity levels at rebound zones" to provide a more personal and technical perspective.
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$BTC