The chart setup is looking quite favorable at the moment. Based on the current technical structure on the LTF (lower timeframe), there appears to be solid potential for Bitcoin to push higher in the near term. The price action and key levels suggest decent upside momentum could develop overnight. Keep an eye on this setup if you're watching the BTC market action.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
3
Repost
Share
Comment
0/400
GasFeeSobber
· 01-05 02:50
I've looked at this chart, but right now there are too many people calling for a rise. Let's see if it can break through the resistance level first.
View OriginalReply0
SignatureCollector
· 01-05 02:49
Looking at this trend, it still feels a bit uncertain... Was last night's surge about to take off?
View OriginalReply0
GasFeeCryBaby
· 01-05 02:23
We need to keep a close eye on this wave of market movement tonight, it feels like it's about to take off.
BTC Long-term Frame Update
The chart setup is looking quite favorable at the moment. Based on the current technical structure on the LTF (lower timeframe), there appears to be solid potential for Bitcoin to push higher in the near term. The price action and key levels suggest decent upside momentum could develop overnight. Keep an eye on this setup if you're watching the BTC market action.