Hey everyone, let's zoom out and look at the big picture on the BTC daily chart. The main story here is the beautiful "W" pattern that has formed over the past month. This is a classic reversal signal, telling us that the previous downtrend has likely run out of gas. It shows that sellers tried to push the price down twice, failed both times, and now buyers have stepped in with conviction. Our momentum gauges are giving us the green light, confirming this powerful shift in the market's mood.
For anyone looking to make a short-term trade, the message from this chart is clear: the wind is now at the bulls' backs. The immediate trend is upwards. The strategy here shifts from cautiously "buying the dip" to confidently "riding the new wave." The price is marching upwards with purpose, and as long as it continues to make higher lows, the path of least resistance is to the upside.
Now, for our long-term hodl, this is the kind of strong signal you patiently wait for. A confirmed reversal on the daily chart isn't just a temporary bounce; it's a potential structural shift in the market. This should give you the confidence to hold your position, knowing that the market has likely found solid footing. For those looking to add to their bags, this is a clear sign that the period of uncertainty may be behind us. As always, this is not financial advice. Plan your moves and manage your risk.