$BTC has formed a range here on current weekly's movement. Also, there's a formed rising wedge that currently covers $BTC's movement.
Based on the data we have, If $BTC breaks below the wedge it should drop to the lower range's level. For now, we have the confirmation for possible Longs till $40600 as $BTC's moving above $39200!
I'm looking for two possible movements to Take Position on...
- Sweep on Range's high, And look for Short on any rejection. - Break below the rising wedge and take any possible retest into pressure lines ( Broken support or broken pattern ).
On another side; If $BTC manages to hold above $40600 till the new weekly open. There'll be a chance for bulls to push the price above $40800 towards $42400 in Monday's range.
