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Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。