Although Bitcoin has broken up the resistance level of the Swing pattern, it is still inside the Kumo cloud, below the Kumo cloud resistance and the Renko resistance level of $ 47,000. It is recommended not to trade until bitcoin exits from the Kumo cloud in the Ranko chart.
Hi
it seems BTC is ready for breakdown of the range area support line. Momentum indicators indicate a potential downtrend. To confirm breakdown, wait for Bitcoin to leave the range area with at least 2 bricks.
