Long

BTC - 1H bullish signs

Updated

Following a period of compression, Bitcoin showed resilience after a downward breakout, indicating a potential accumulation phase. The price managed to hold its ground, setting the stage for a bullish scenario. From a technical perspective, if BTC overcomes the resistance trendline, we could see an ascent towards the $53,000 mark, which is quite possible from my point of view

Trade active

The previously outlined bullish perspective has materialized as Bitcoin successfully broke through the resistance trendline. The price action has activated the anticipated position, validating the strength behind the move. With the breakout now confirmed, the path seems clear for BTC to potentially reach or even exceed the $53,000 target, in alignment with the earlier analysis

Comment

Despite 's current position being in the red, it's showing consolidation above the downtrend line. This could indicate potential for a rebound. It might be a strategic moment to 'buy the dip' and average down the entry price, anticipating a climb.

Trade closed: target reached

Hit the mark: reached 53K as predicted. Stay tuned for an upcoming analysis update.

Sober_Trading

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