$BTC: THE BOUNCE FROM THE GLOBAL TREND HAS HAPPENED — WAITING FOR CONFIRMATION
IMPORTANT: The weekly candle opened above the global upward trend, and the local downward trend has been broken. However, without a bullish engulfing candle, the reversal is not considered confirmed. Until it appears, there is a risk of testing the liquidity zone $81,900 – $87,350.
TECHNICAL PICTURE:
Bounce from the global trend, break of the local downward trend
Key signal: bullish engulfing candle for confirmation of reversal
Targets upon confirmation: $90,000 → $92,850 → $100,000
KEY METRICS:
Significant trading and withdrawal volumes $BTC from exchanges
Local downward trend overcome
Lack of confirming candle holds back confident growth
SCENARIO FOR GROWTH:
Formation of a bullish engulfing candle
Holding positions above the global trend
Movement towards target levels upon confirmation
STRATEGY:
Waiting for the confirming candle to add positions
Preparing to enter altcoins upon breaking dominance $BTC
CONCLUSION: The market has taken the first step towards recovery, but technical confirmation is required for confident growth.
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