$BTC looking ready for a Relief Rally ๐
STORY TIME ๐
$BTC is respecting the major demand zone while attempting to break ๐๏ธ the immediate downtrend resistance.
The HTF falling wedge is still activeโก, and this small breakout could trigger a relief rally from here.
Initially, I am expecting a move towards T-1, where the real test begins. Once the falling wedge breakout gets confirmed, T-2 becomes highly probable as the price moves towards the Strong Bears Supply Zone ($73Kโ$76K) โ๏ธ
CHARTONOMICS ๐
โข Entry: $62.7K
โข T-1: $68.8K
โข T-2: $73.4K
โข SL: $56.4K
EXTRAS โผ๏ธ
The current move is only a relief rally until the HTF falling wedge is completely broken.
The $73Kโ$76K supply zone will be the major area to watch, as sellers could become active again from there.
A clean breakout above the wedge can shift the momentum in favour of the bulls. ๐งฒ
Perhaps the war is already over, & the charts are telling some relief rally.
July 5, 2026 11.8K 1
