$BTC has closed the weekly candle with a Bullish Fakey candle breaking from the bottom of 102k and then strongly retracting
This is a candle pattern with a good reversal ratio when trying to eliminate selling pressure and then absorbing everything and continuing to rise.
Moreover, after the False-Break out, the price returned and broke out of the downtrend line from the peak of 110k. This shows that as long as it returns to the uptrend, BTC will continue to test the ATH in the coming weeks.
Currently, BTC is at resistance, so you might expect a drop to the 104k area, which will be an important contested zone. If BTC creates a small frame uptrend structure here, it’s time for you to LONG the entire market.
The probability of holding the 104k level for me is 60% when breaking out of the trendline + false break-out has eliminated quite a few LONG orders below the bottom.
What do you think? The bookmaker invites you to place a BET