$BTC
BTC Market Update:
Bitcoin (BTC) has shown a sudden and sharp move, likely caused by market manipulation to trigger liquidations on both long and short positions.
Now BTC is trading within a rising wedge pattern, which typically indicates uncertainty and a possible reversal unless there is a strong breakout.
As long as the price remains inside this rising wedge, we cannot predict the exact direction of the next move.
There was a small fake breakout recently, but it did not hold.
For BTC to continue moving upward, it needs to break and hold above the yellow resistance line on the chart. Until then, the market may continue to show short-term volatility and fakeouts.
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