📊 MARKET UPDATE – $BTC
BTC continues to operate above the support of the ascending triangle, after facing a rejection at the horizontal resistance. This structure maintains the short-term bullish bias, although the market is again in a zone of definition.
As long as the price holds above the support of the triangle, the bounce scenario remains the most likely. Conversely, a bearish breakout of the pattern and its subsequent retest would confirm short-term weakness and open the door to a greater correction.
💡 Current Technical Reading:
• The ascending triangle remains active
• Previous rejection at resistance, but without loss of structure
• The dynamic support is the key level to defend
• The volume will be decisive to confirm the next movement
📈 Bullish Scenario (Preferred):
➜ Price holds the support of the triangle
➜ Buyer entry in the zone
➜ Bounce with an attempt to break the horizontal resistance
➜ Confirmed breakout = continuation of the bullish movement
📉 Bearish Scenario (Confirmation):
➜ Loss of the support of the triangle
➜ Failed pullback / retest
➜ Confirmation of short-term bearish bias
🧠 Conclusion:
BTC is not weak, but it is also not a giveaway. It is compressing movement, and when that happens… the market tends to choose quickly. As long as the support holds, the bias remains bullish. If it breaks, it's time to adjust risk and let the price do its cleaning. Patience: the best entries come from these uncomfortable zones.
