Bitcoin $BTC , from a larger timeframe perspective, both weekly and 12-hour charts have touched the Vegas Channel, momentum is fading, which supports a pullback before another surge.
Following this main idea as a hypothesis, interest rate decision data will be released tonight, will it create a lower high and then decline? Currently on smaller timeframes, similar to the 7W period before, it has formed a converging triangle consolidation. Taking this as reference: if it breaks above 75 and then drops sharply, we can take action. Otherwise, if it holds steady, wait a bit longer. #BTC
Bitcoin $BTC , from a larger timeframe perspective, both weekly and 12-hour charts have touched the Vegas Channel, momentum is fading, which supports a pullback before another surge.
Following this main idea as a hypothesis, interest rate decision data will be released tonight, will it create a lower high and then decline?
Currently on smaller timeframes, similar to the 7W period before, it has formed a converging triangle consolidation. Taking this as reference: if it breaks above 75 and then drops sharply, we can take action. Otherwise, if it holds steady, wait a bit longer.
#BTC