#BTCBreaks99K Your analysis is well-structured and clearly reflects a bullish continuation scenario supported by technical patterns. Here's a concise summary and a few enhancements that could make it even stronger:
Summary of Analysis:
Pattern: Rising wedge in an uptrend—typically a sign of bullish continuation but can hint at potential exhaustion.
Structure: Formed after a clear impulse move, backed by strong buyer support and consistent higher lows.
Key Events:
Breakout of resistance and retest as support.
Steady climb with narrowing wedge geometry.
Current Price: ~$99,640, just below wedge resistance.
Outlook: Expecting a breakout to $100,000 (TP1) based on wedge apex alignment and bullish pressure.
Suggestions for Improvement:
Add Volume Insight: Mentioning whether volume is increasing near resistance would strengthen the breakout argument.
Risk Management: A suggested stop-loss level (e.g., below the recent support zone) could offer a clearer risk/reward setup.
Momentum Indicators: Briefly referencing RSI or MACD alignment could further support your bullish bias.
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