$BTC is shaping up inside a broadening wedge as it continues to test the $83K resistance.
As long as $77K holds as the range floor, another push toward the upper boundary could finally break the macro $83K resistance and open the door for a stronger move higher.
The setup is still volatile by nature. That’s what makes a broadening wedge interesting, the expanding swings keep building liquidity on both sides of the range.
A decisive breakout could leave one side heavily trapped and trigger a much larger move.
Below $77K, bulls are vulnerable.
Above $83K, bears could be the ones under pressure across multiple timeframes.
#BitcoinETFsBiggestDailyInflowSinceJanuary
As long as $77K holds as the range floor, another push toward the upper boundary could finally break the macro $83K resistance and open the door for a stronger move higher.
The setup is still volatile by nature. That’s what makes a broadening wedge interesting, the expanding swings keep building liquidity on both sides of the range.
A decisive breakout could leave one side heavily trapped and trigger a much larger move.
Below $77K, bulls are vulnerable.
Above $83K, bears could be the ones under pressure across multiple timeframes.
#BitcoinETFsBiggestDailyInflowSinceJanuary
