"Jack's Trading Classroom: BTCUSD Short-Term Bullish Pattern"

Currently, we see the 15-minute candlestick chart of BTCUSD. After yesterday's Bitcoin surged by about 450 points, the price reached a high of 11835.5. Subsequently, it formed a short-term oscillating pattern, which can be considered as a symmetrical triangle convergence, indicating a short-term continuation of the uptrend.

Currently, we are looking at the 15-minute candlestick chart of BTCUSD. After a rise of about 450 points in Bitcoin yesterday, the price reached a high of 11835.5. Subsequently, a short-term oscillation pattern formed, which can be considered as a symmetrical triangle convergence, indicating a short-term continuation of the uptrend.

Currently, the price has consolidated and broken through the resistance trend line above, hence there is a high probability of continued strength in the future. The first retracement price is located at the Fibonacci sequence 61.8% level of 11676.0. If the high point of 11835.5 is breached in the future, we may see a further rise towards the Fibonacci sequence 161.8% level of 12093.0.

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please read with caution, as cryptocurrency trading may pose risks to your capital.

WeChat Official Account: Jack's Trading Room

Public Telegram Group: https://t.me/jackscrypto