📊#BTC has a chance to form a cup-handle structure📈

Apr 4, 2024

🧠It's a pity that we didn't continue the momentum of the double bottom bull structure. And it fell below the support zone, and the support zone turned into a resistance zone again. Since our monthly closing price closed above neckline 2, the probability of us continuing to rise is still very high, so we can still be bullish.📈

➡️Therefore, if the price returns to the uptrend support line again and forms a good rebound, we can build a large cup-and-handle bullish structure from here. Using this structure as support and starting to rise, we should be able to easily break through the upper resistance zone.💪

⚠️Note that this view will be invalidated if the price falls below the bull defense point.

Let's see👀
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