Hey guys
Bitcoin has recently broken out of a long-term descending channel, which has caught the attention of many traders. Typically, once the price stabilizes outside of such a channel with confirmed candlestick closes, buyers enter the market in anticipation of a bullish move. However, it's important to be cautious.
There is still a possibility that the price may retrace to a highlighted liquidity zone below, where it can gather enough momentum and liquidity for a stronger upward movement.
Therefore, traders should be aware of potential false breakouts and wait for solid confirmations before fully committing to long positions.
Bitcoin has recently broken out of a long-term descending channel, which has caught the attention of many traders. Typically, once the price stabilizes outside of such a channel with confirmed candlestick closes, buyers enter the market in anticipation of a bullish move. However, it's important to be cautious.
There is still a possibility that the price may retrace to a highlighted liquidity zone below, where it can gather enough momentum and liquidity for a stronger upward movement.
Therefore, traders should be aware of potential false breakouts and wait for solid confirmations before fully committing to long positions.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.