On the $BTC chart, there are increasingly more arguments suggesting the possibility of a deeper correction.
๐ In the previous post (on platform X), I pointed out the key levels:
โ ๐ฏ Luka CME + 0.382 FIBO: around 114,300 USD
โ ๐ก Golden Pocket (0.618โ0.65 FIBO): range 109,200 โ 106,900 USD
๐งฉ Today, another strong technical signal arises:
๐ Breakdown from the symmetrical triangle on the daily timeframe.
๐ The range of this formation (blue line) falls in the area of ~109,200 USD โ which practically perfectly aligns with the previously mentioned GP + EMA50 zone.
๐ง This is an important technical confluence:
โ gap to close,
โ FIBO support,
โ EMA 50,
โ range of the formation.
๐ The market is approaching a very important decision area โ it's worth closely observing the price reaction in this zone.
๐ You can track the Bitcoin chart on the #Binance exchange: [link to Binance exchange]
๐ฌ What do you think? Is this just a healthy correction in the trend, or the beginning of something larger? ๐
๐ Let me know in the comments if you're watching these levels โ and if you want more updates like this, save and share ๐
โ ๏ธ This is not investment advice. The above entry is my subjective analysis of the BTC market โ remember to always make investment decisions independently, based on your own research.
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