BTC Price Action Analysis: Riding the Bullish Momentum
Hi there,
The 71764.90 is a resistance level as the price heads up in the 1-hour, and the price will remain bullish as long as it maintains bullish strength above the 69651.41 and does not break the IV wave, which is the low at 68627.72.
The 74706.98 is the first target for a bias of 76586.06 within a weaker trend.
Overall, the momentum is due to a weekly bull candle but an unstable bullish candle with a high-risk setup.
K.
Happy Trading
The 71764.90 is a resistance level as the price heads up in the 1-hour, and the price will remain bullish as long as it maintains bullish strength above the 69651.41 and does not break the IV wave, which is the low at 68627.72.
The 74706.98 is the first target for a bias of 76586.06 within a weaker trend.
Overall, the momentum is due to a weekly bull candle but an unstable bullish candle with a high-risk setup.
K.
Happy Trading
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