🔥 Bitcoin Situation

Bitcoin $91 700. Everything is on track. We touched the seller zone at $94 000, and once again couldn't hold above it. This was expected, as we always see strong selling from $94 000. I would only expect a breakout upwards when we start consolidating around $94 000 and don't fall away with the first 5-minute candle (.

On the chart, there is a clear ascending triangle. Usually, such a pattern breaks upward, but not in 100% of cases.

We can only act after a breakout and consolidation. That is, if we break )000 and hold above it, the way to $94 000 is open. If we break downwards and consolidate, then we test the buyer zone at $100 000.

Currently, the picture looks like this: $85 000 sell, $94 000 buy, but with a clear upward trend of lows.

Therefore, until we break the triangle downward, there is nothing to worry about. I would like to see the triangle tighten around the $85 000 zone, with concentration there, without a quick fall, and then a breakout with an upward impulse.

For now, everything is a compression of the spring, for a further impulse!