Hello Traders, welcome back to another market breakdown.
Bitcoin is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a second leg down that will complete an AB CD complex pullback into the support zone shown in the chart for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
A new all-time high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Bitcoin
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