$BTC m7
It all started with a minute chart, where we defined the initial diagonal, marking the beginning of the bullish trend. From there, we broke through the green block, formed a new high, disrupted the downtrend structure, and continued to rally, hitting the first zone at 15% or resistance at the 135 EMA.
🔺Support zone 76,500 - 76,200,
If a correction heads into this range, we can expect buyer reaction and a push of the price higher.
Overall, it's tough to say if the bullish wave is fully wrapped up. But if you're in longs, this is a good reason to take some profits and ride the trade higher.
It all started with a minute chart, where we defined the initial diagonal, marking the beginning of the bullish trend. From there, we broke through the green block, formed a new high, disrupted the downtrend structure, and continued to rally, hitting the first zone at 15% or resistance at the 135 EMA.
🔺Support zone 76,500 - 76,200,
If a correction heads into this range, we can expect buyer reaction and a push of the price higher.
Overall, it's tough to say if the bullish wave is fully wrapped up. But if you're in longs, this is a good reason to take some profits and ride the trade higher.