🔶 $BTC: TECHNICAL ANALYSIS AND KEY LEVELS 🔶
📊 $BTC is at a critical level after overcoming significant resistance. The formed "cup with handle" pattern on the weekly chart technically indicates the possibility of continuing the upward trend if the current support level is maintained.
🔍 The volume profile shows a significant accumulation of orders in the current price zone, which can create a foundation for the next movement. It is particularly important to monitor the ratio of long and short positions on major exchanges — extreme values often precede reversals.
🌊 Wave analysis suggests that we are at the beginning of an impulsive wave of a new cycle. If this hypothesis is correct, the current levels may prove attractive for long-term investors.
📱 Social media sentiment indicators are at remarkably low levels for the current price dynamics, which has historically been a contrarian indicator and preceded significant upward movements. Combined with a decrease in supply on exchanges, this creates a potentially explosive situation for the price of $BTC.