Here is a short and simple update on BTC and wBTC with a basic candle idea and picture-style explanation:
๐ช $BTC
Bitcoin (BTC) โ Short Update
BTC is the leading cryptocurrency and often controls the overall market trend.
Currently, BTC shows sideways to slightly bullish movement.
Support level: around $40,000
Resistance level: around $45,000
If price breaks resistance, it may go up strongly ๐
๐ Candle Idea:
Recent candles show small bodies with upper wicks โ market hesitation
A strong green candle above resistance = bullish signal
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โ
โโโโดโโโ
โ โ โ Small body candle (indecision)
โโโโฌโโโ
โ
๐ช $Wrapped Bitcoin ($wBTC) โ Short Update
wBTC is a tokenized version of BTC on Ethereum network
Price of wBTC follows BTC closely
Used in DeFi trading and staking
๐ Candle Idea:
wBTC candles are usually same trend as BTC
If BTC is bullish, wBTC also shows green candles ๐
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โโโโ
โโโโ โ Bullish candle
โโโโ
โ
๐ผ๏ธ Visual Concept (Chart Style)
Imagine a chart like this:
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Price โ
โ ๐ฉ
โ ๐ฉ๐ฉ
โ ๐ฅ๐ฉ๐ฉ
โ ๐ฅ๐ฅ๐ฉ
โโโโโโโโโโโโโโ Time
๐ฉ = Bullish candles
๐ฅ = Bearish candles
๐ Conclusion
BTC trend decides the whole market
wBTC simply mirrors BTC price
Watch for breakout candles for next move
If you want, I can also generate a real chart-style image (HD) for BTC & wBTC ๐