After a pullback to the descending trendline of the symmetrical triangle, we can either:
1. Expect a continuation of the uptrend:
Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout:
The bulls might be accumulating liquidity before a move down. Enter a short position in the $69,240 zone (high-risk). Target the first support level at $66,500. Target the second support level at $63,800 if the ascending trendline breaks. Important factors to consider:
Market sentiment and news Volume and price action Support and resistance levels Overall market conditions Disclaimer: This is not financial advice. Always do your own research and analysis before making any trading decisions.