Recent technical photos Bitcoin It presents a tug of war between short-term momentum and the need for macros. The Bulls are actively defending support and pushing towards the $117,000 resistance area, but the unfilled CME gap is hung on the market. This historic pattern suggests that price action is bullish, but that essential minus-side movements may be required to reset the chart before the target is truly compromised.
Fill the gap before the next big meeting
Ezy Bitcoin, the latest short term market Outlook Share X explained that existing gaps may need to be closed before Bitcoin can build momentum for the next major gathering. However, such movements should not be seen as weak points, but as healthy resets, allowing you to set stages to point a stronger push up.
He referenced the Bitcoin CME Futures Chart. Here, the Crossx indicator highlights the untransparent gap that often acts like a magnet for price action. Historically, Bitcoin has shown a tendency to revisit these areas before resuming mountain climbing, making them an important part of the short-term structure.
For the past five months, Ezy Bitcoin has pointed out that all gaps are being met while maintaining a perfect 100% success rate. This consistency adds weight to the possibility of short-term setbacks before another gathering begins, reinforcing his expectations that the pattern will retain.
With that in mind, he concluded that minor pullbacks could create valuable opportunities to accumulate more Bitcoin. Instead of fearing dip, trader And investors may consider it an entry point before the next strong upward movement.
Despite market pressure, Bitcoin Bulls Eye Recovery is booming
According to the latest one update From the Crypto VIP signal, Bitcoin has experienced a rapid decline and then recovered rapidly. The price temporarily fell below $113,000, but it was able to bounce back quickly. This quick bounce from this level indicates that the buyer is active and willing to step into the key zone. Correction For now.
Now, prices are moving up again, with the immediate challenge defined by a narrow resistance zone between $114,600 and $114,800. This range serves as a local ceiling Sales pressure It may be concentrated. Overcoming this level is extremely important for continuing bullish movements.
Looking ahead, he emphasized that the Crypto VIP signal was successful happen Resistance above $114,600-$114,800 paves the way for a significantly higher target between the $116,000-$117,000 area. Move to this range and the positives solidify. Momentum And make sure the recent drops were just short shakeouts, allowing the rally to continue.
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