Bitcoin may correct a little and then continue to grow in wedge

5月7日

Hello traders, I want share with you my opinion about Bitcoin. The price has been moving confidently inside an upward wedge structure, which often signals a continuation in strong bullish trends but also warns of potential exhaustion if momentum fades. In this case, the wedge is forming after a clear impulse move and is supported by a solid base at the buyer zone. Multiple impulses from this level and consistent support at the current support zone have pushed the price higher, with bullish momentum now clearly in control. After a breakout from the previous resistance zone and a clean retest of the support area, the price started a strong rally. This move aligns well with the wedge formation, where both trend lines are narrowing upward, indicating that buyers are pushing steadily higher while sellers are becoming more aggressive, a setup that often leads to an explosive breakout if the resistance is breached. Now BTC trades above 93700, consolidating slightly below the wedge resistance line. Based on the wedge geometry and the strong impulse structure that preceded it, I expect the price to continue growing and test the 100000 level, which aligns perfectly with the upper wedge boundary and serves as my TP 1. Please share this idea with your friends and click Boost 🚀

5月8日

交易進行

Ok, price almost reached my TP, so I expect that it will soon finally reach it.