Attention, my friends! ⚓️ Yesterday we talked about Bitcoin and the fading of volatility — and now we see confirmation on the charts.
We are currently observing a classic consolidation channel. Note the shallow pullback from the levels: this is a sign that buyers and sellers are waiting, but the market is not ready for a deep correction. Energy is accumulating within the boundaries that I have clearly defined for you on the chart.
⚓️ BTC Workshop: Navigating the consolidation zone
Our beacons for action (USD):
Upper boundary (Resistance): 71,089 – 71,723
Lower boundary (Support): 69,673
Tactics: We are not guessing the direction — we are working on the exit. A breakout and consolidation above resistance opens the way to 73,500+. A break of support at 69,673 will send us checking the strength of the level 67,600.
Wait for the impulse, do not make unnecessary moves inside the fog.
Wishing everyone success and see you again on the bridge! Bon Voyage! ⚓️🌊🔥
Dubitando ad veritatem.