$BTC HAS REACHED A GLOBAL TREND: CRITICAL TEST FOR BULLS
IMPORTANT: Bitcoin has reached a key level of the global bullish trend — a correction target predicted earlier. Although the buyback on the spike was strong, the likelihood of a retest and consolidation in this zone remains. Maintaining this level is critically important for the bullish scenario.
TECHNICAL PICTURE:
Current status: testing the global bullish trend
Risk: spike from below is not closed by the body of the candle — additional correction is possible
Condition for growth: consolidation above the pattern after the breakout
KEY METRICS:
Long positions have been unloaded
Volumes are significant, above average
Inflows to exchanges exceed outflows by 5,000 $BTC (+15%)
No clear reversal patterns on the bounce
SCENARIO FOR GROWTH:
Maintaining the line of the global trend
Breakout of the descending line of the pattern
ALTCOIN ANALYSIS:
Volumes from Bitcoin are required for a reversal
Trend maintenance keeps growth potential
STRATEGY:
Waiting for a breakout of the pattern for confident entries
Monitoring volume as an indicator of movement strength
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