$BTC Pattern Analysis on the Daily Frame

1. The Identified Pattern:

• According to the previous analysis, a narrow Falling Wedge pattern or a Consolidation Triangle appears on the daily frame. These patterns are considered neutral in nature, meaning they can lead to either upward or downward movement based on the direction of the breakout.

• The Falling Wedge is often considered a bullish pattern when it occurs within the context of a broader upward trend, as it indicates consolidation before a potential bullish breakout.

• The Symmetrical Triangle is a neutral pattern, where the direction depends on the breakout of one of the sides (upper for upward movement or lower for downward movement).

2. Technical Context:

• General Trend: The daily frame shows bullish momentum supported by a bullish moving averages crossover (Golden Cross) and the Relative Strength Index (RSI) at 61.10, enhancing the likelihood of an upward breakout of the pattern.

• Price Position: The price is close to the major resistance (108,000-112,000 USD). If the price breaks the upper side of the wedge or triangle with a strong daily close (above 112,000 USD) and an increase in trading volume, this confirms a bullish pattern.

• Trading Volume: The daily volume (43-47 billion USD) has not shown a sharp increase yet, which is a critical element in confirming the bullish breakout. If the volume increases as the price approaches resistance, this supports the bullish pattern.