Hello Traders,

I know we are all excited to see $BTC reaching $122k once again, and it might even make a new all-time high. However, the chart pattern in the daily timeframe looks concerning.

In this daily timeframe, BTC is forming a bearish rising wedge, which may not be a good sign for the market. I want to remain as bullish on BTC as you do, but we cannot ignore the charts and analysis.

Bearish Confirmation: A daily close below the support trendline.

Bullish Continuation: A breakout above the resistance trendline.

At this point, be cautious and trade carefully.

Regards,

Team Dexter

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