Bitcoin is forming a flag pattern and rejecting from the top. Looking at the bullish market structure, we can see a push higher towards resistance now, and retracements are intact until $78,800.


#GateSquareMayTradingShare #CLARITYActPassesSenateCommittee
$BTC
BTC-0.49%
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CandlewickKid
· 05-18 04:27
CLARITY Act advancement + technological form, double benefits stacking, $BTC this wave has a chance
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GateUser-8ca669fd
· 05-16 17:26
If this flag breaks downward, it would be awkward; hopefully, it doesn't turn into a false breakout.
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BridgeHopster
· 05-15 11:03
The bullish structure is still there, but the rejection was a bit harsh. Watch to see if the volume can keep up.
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NeonVortexInTheSmog
· 05-15 11:02
I personally prefer to wait for a pullback around 78k before building a position; currently chasing higher carries a higher risk-to-reward ratio.
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BlueLakeOverlooker
· 05-15 10:50
If the 78,800 retracement level holds, the next breakout will be stable, and the flag pattern will follow the standard form.
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GateUser-f92ba9fa
· 05-15 10:49
The bill has passed on the Senate side, providing macro support for crypto, with technical and fundamental aspects resonating.
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