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Welcome to this quick BTC update. First of all, do not panic. We are still safe.
BTC did a nice fakeout to liquidate some high-leverage traders. It again get back in the falling wedge and did a nice fake-out. As of now holding the lower trendline of the wedge very well so far. Expecting an upward movement from here soon.
Still, we have to wait for the daily close for more confirmation.
Invalidation level:- If the daily close is below 37k then the bullish scenario will get invalidated.
What do you think about this? Do you think the bullish rally will be over or it is about to start? Share your views in the comment section.
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