🪙#BTC

📈Resistance and Fibonacci correction zones have been broken upwards, with the price reaching 46K. The potential for such movement was evident after breaking out from the "bullish pennant" on increased volume. Although the pattern can be considered worked out, a full retest to the height of the flagpole is expected around 48K.

❗️A similar resistance zone breakout has occurred before. Back then, the price reached 48K, followed by a retest of the breakout level and a bounce to 49K. However, a full-fledged rally did not follow. This time, I expect to see something similar, but considering the liquidity gathered below 40K, we may continue moving upwards, surpassing 50K.

⚠️I want to emphasize: I still anticipate a pre-halving correction; without such a significant downturn, a full-fledged bull market cannot begin. We now just have to wait and see from which levels it will start, but continue to work from the current market outlook.

Bitcoin dominance: 53.34%;
Fear and Greed Index: 72 (greed);
Altseason Index: 61;
Market capitalization: $1.7 trillion.