Total Quality
Score
If You Had Traded on This Analysis…
Correct
ETHBTC
Entry 0.0237 2025-06-08 13:02 UTC
Target 0.0310 In 1 Months
Fail 0.0200
Risk / Reward 1 : 2
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Final PnL
30.75%
P/L:
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ETHBTC
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis points out that Bitcoin is showing a similar consolidation pattern to what occurred in 2024, suggesting that the final Bitcoin wave is about to start. A bear trap has occurred which is considered a bullish signal. The price is trading within a consolidation zone, and the analysis anticipates a breakout to the top side. A Bitcoin CME gap is observed at $104,312 and expects this gap to be filled soon. In the short term, charts suggest a significant Bitcoin move is coiling up, showing a potential to break out of a symmetrical triangle and the falling wedge pattern on the daily chart. Moreover, there's a discussion on a potential trend shift. Also the Ethereum versus Bitcoin chart suggests that Ethereum is about to begin a major breakout.
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