ANALYSIS $BTC 09/06

* On the W1 frame: The recently closed W1 candle is a Bullish pinbar, with a long lower wick indicating that sellers attempted to push the price down but were strongly rejected, and the closing price near the top of the candle reflects overwhelming buying pressure at the end of the week.

- A noteworthy technical factor, this W1 candle has pierced the bottom of the previous Inside Bar pattern, then retraced and closed back within the accumulation zone.

This is a Bullish Fakey pattern – a setup with a high probability of continuing the upward trend, as it represents a bearish trap (false breakout) to absorb more liquidity, after which the price rebounds strongly. At the same time, the volume in the recent 02 weeks of correction has decreased, indicating that sellers are gradually weakening, even though the price has maintained the high zone.

=> Therefore, with the positive signals above, I still hold the view that BTC will have a rally back to the old peak.

* On the H4 frame: BTC has completed a V-Shaped Recovery pattern combined with a False Breakout signal right at a strong support area. These are two signs indicating that buying pressure has intervened strongly when the price fell to a low area, creating a quick and decisive recovery.

- However, after the recovery, the price has approached the resistance zone – which is also the nearest peak before the price drop around 106k.

Therefore, in the short term, BTC may experience a slight correction to gain momentum before continuing the upward trend and aiming for the target area of the old peak near ATH.

* Trading idea: Wait for BTC to correct to the support zone on H4 to buy in, expecting BTC to return to the old peak of 110-112k.