BTC has successfully pierced through the 4-hour EMA200 moving average and is now testing the previous month high (PMH). This technical setup suggests positive momentum building in the near term. The consolidation phase appears to be over, with buyers stepping in at key support levels. Worth monitoring how price action behaves around resistance at PMH to confirm the continuation of this uptrend.
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BakedCatFanboy
· 01-08 05:11
Wow, here we go again with a breakout. Hopefully this time it's not a false breakout...
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SadMoneyMeow
· 01-05 22:59
Can this wave go up? Feels like I'm about to get scammed again.
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0xLostKey
· 01-05 22:53
Breakthrough! Finally endured the volatility. The highlight is whether this wave can directly push through PMH.
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BearMarketBard
· 01-05 22:53
Trying to fool me into buying the dip again? Last time I listened to your spiel, Bitcoin plummeted directly. LOL
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SmartContractPlumber
· 01-05 22:44
Breaking below the EMA200 is indeed impressive, but whether PMH can hold this level depends on the trading volume. Don't be fooled by false breakouts.
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AirdropHunter007
· 01-05 22:30
Broken through? Then it depends on whether it can stabilize. The key for PMH is hard to say.
Bullish breakout confirmed ✓
BTC has successfully pierced through the 4-hour EMA200 moving average and is now testing the previous month high (PMH). This technical setup suggests positive momentum building in the near term. The consolidation phase appears to be over, with buyers stepping in at key support levels. Worth monitoring how price action behaves around resistance at PMH to confirm the continuation of this uptrend.