$BTC Price Update:
BTC has successfully broken out from an inverse head and shoulders pattern, confirming bullish momentum.
The asset experienced a brief rally, reaching a new all-time high (ATH).
A subsequent correction occurred, with price action retesting the breakout level for validation.
Key technical level to monitor:
The yellow trend line. As long as BTC remains above this support, the bullish outlook remains intact. While there may be occasional lower wicks that appear as potential traps, a definitive close below this trend line could signal a deeper corrective phase.
Recommendation:
Maintain composure and observe price behavior closely. Avoid premature reactions and wait for confirmed signals before adjusting your position.