Amidst ongoing consolidation around the All-Time High (ATH), Bitcoin (
BTC
) continues to exhibit resilience, signaling a strong conviction for an imminent breakout before the Halving event.
Today, I initiated a long position following a rejection of my level of interest and a decisive trendline break. This entry aligns with the prevailing market sentiment, suggesting an imminent upward movement in price.
The prolonged consolidation near the ATH serves as a compelling indication of underlying bullish momentum, further bolstering confidence in the potential for a breakout. With the Halving event on the horizon, expectations for increased demand and scarcity dynamics add to the bullish thesis.
In summary, my recent long position on Bitcoin (
BTC
) reflects a strategic response to the consolidation around the ATH, with a strong conviction in the likelihood of a breakout before the Halving event, supported by the rejection at my level of interest and the trendline break.
Great Trade !
BTC
) continues to exhibit resilience, signaling a strong conviction for an imminent breakout before the Halving event. Today, I initiated a long position following a rejection of my level of interest and a decisive trendline break. This entry aligns with the prevailing market sentiment, suggesting an imminent upward movement in price.
The prolonged consolidation near the ATH serves as a compelling indication of underlying bullish momentum, further bolstering confidence in the potential for a breakout. With the Halving event on the horizon, expectations for increased demand and scarcity dynamics add to the bullish thesis.
In summary, my recent long position on Bitcoin (
BTC
) reflects a strategic response to the consolidation around the ATH, with a strong conviction in the likelihood of a breakout before the Halving event, supported by the rejection at my level of interest and the trendline break. Great Trade !
