BTC is currently oscillating within a symmetrical triangle pattern. The price recently rebounded from the support trend line and is now attempting to break through the 100-day moving average.
If it successfully breaks through and backtests the 100-day moving average, it may attempt to hit the triangle's resistance trend line.
If the breakout is confirmed and backtests the upper edge of the triangle, it will constitute a strong bullish signal. Before that, BTC may continue to consolidate within the triangle.
On the downside risk, if it breaks and backtests the triangle's support level, it may trigger a downward trend.#我的COS交易 #BTC
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