🟠 $BTC

◀️ The rise continues without any actual correction since the bottom of 74k and reached 105,863.

⭕ Yesterday, news broke of a truce and a decline between the Americans and the Chinese, and the reaction was a downward trend. This is natural because everyone expected this to happen between the two countries, and the rise was continuing. When the news broke, some of those who had been buying beforehand withdrew their profits, while others bet on a correction.

📄 The first observation is that the movement has stabilized above 100k.

📄 What is the extent of the correction, and what might it look like? :

⭕ The first range formed since the 95k breakout is between 100655 and 97800, and it is currently holding there.

⭕ The second range is the gap in CME contracts between 93400 and 91600.

🚨 Rushing decisions are not allowed; the frameworks are clear.

🔼 Continuing the path towards a higher high requires a breakout of the selling range formed yesterday between 104072 and 105863.