Bitcoin Market Update (Extended & Insightful):
The current update for Bitcoin remains largely the same as the previous one. However, there have been some slight yet significant shifts in the market behavior.
The market recently managed to close above the Breaker Block (BPR), which initially seemed like a bullish signal. But as it approached the overhead supply zone, it faced strong rejection and started to decline again. This shows that sellers are still active at higher levels.
Right now, the market is treating the BPR as an inversion level, meaning it’s testing it as potential support. This level is crucial for determining Bitcoin's next move.
🔍 So, what’s the best approach now?
Patience is key at this point. The ideal strategy is to wait and watch. Let the market clearly break either the upper supply zone (which would confirm bullish momentum) or the lower BPR zone (indicating a bearish trend). Only then can we expect a strong directional move.
Until one of these key levels is decisively broken, Bitcoin is likely to continue consolidating within this range — moving sideways without a clear trend.
🧠 DYOR — Do Your Own Research!
Always analyze before making any trading decisions.
The current update for Bitcoin remains largely the same as the previous one. However, there have been some slight yet significant shifts in the market behavior.
The market recently managed to close above the Breaker Block (BPR), which initially seemed like a bullish signal. But as it approached the overhead supply zone, it faced strong rejection and started to decline again. This shows that sellers are still active at higher levels.
Right now, the market is treating the BPR as an inversion level, meaning it’s testing it as potential support. This level is crucial for determining Bitcoin's next move.
🔍 So, what’s the best approach now?
Patience is key at this point. The ideal strategy is to wait and watch. Let the market clearly break either the upper supply zone (which would confirm bullish momentum) or the lower BPR zone (indicating a bearish trend). Only then can we expect a strong directional move.
Until one of these key levels is decisively broken, Bitcoin is likely to continue consolidating within this range — moving sideways without a clear trend.
🧠 DYOR — Do Your Own Research!
Always analyze before making any trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join My Telegram Channel For Getting Free Signals and Analysis 👇👇
t.me/fxinsighthub7
t.me/fxinsighthub7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.