$BTC LTF Analysis:
Good morning, everyone. Have a great weekend!
Last night, $BTC fell below its newly established support zone and is currently pushing lower. On the 4H timeframe, we can see that $BTC is trading inside our ascending triangle again. BTC is relatively stable at the current level, and with the recent wick toward its lower support zone, it has already swept downside liquidity. Now all significant liquidity remains on the upside for $BTC.
However, to remain fully bullish, BTC needs to reclaim the upper support zone—meaning we need another breakout of this ascending triangle. In any case, BTC might dip toward $86K, which is its trendline support zone.
Overall sentiment remains bullish as long as BTC trades inside this triangle. Two long scenarios for now: either BTC reclaims the upper support level, or it retests the trendline support level. Either way, it will give us a solid entry for longs on alts. Nothing to worry about yet. Keep monitoring the chart and enjoy the weekend.
