#BTC Close-up 🔍
So far it perfectly follows the scenario ✅
A head and shoulders pattern is forming
We expect a rejection in the range of $100k - $105k to complete the right shoulder 👌
👉@Runlifenick_fx
"If 2025 closes with a red candle, does that mean that the 4-year cycle is over? The annual chart shows 3 green candles and 1 red one."
No, that would only confirm that we are in a bear market. The #BTC annual candle will likely close as a Doji at the upper end - a classic reversal signal. Next year, we could experience a significant decline.
Although the annual pattern consists of 3 green and 1 red candles, a red close in 2025 would actually break this pattern. However, it's important to note that $BTC has reached a new all-time high (cycle high) this year. Therefore, a red close in the year after the halving is not a problem in this case.
👉 The core of the 4-year cycle does not depend on the color of the annual candles; it's about when we reach the high and low points.
#BTC Alphractal: In the short term, traders are leaning toward longs, betting on a rise in BTC price. However, a liquidity pool has been forming below. Volatility is expected over the next 24 hours.
🌍t.me/Runlifenick_fx✅
Update
Up to now things look solid: #BTC continues to respect the channel bottom as planned, with some wicks dipping underneath.
A move back up into the $100–108k area is still on the table 📈