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BTC April 2, 2024: Breaking Down the Consolidation Zone

On April 2, 2024, BTCUSD broke down the consolidation zone $68,500 - $71,500 as previously mentioned in a related post. You can find more details in the related ideas section.

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The downward move below the consolidation zone invalidated the expected breakout pattern to the upside.

However, the daily trend remains bullish, so we should look for buying opportunities.

A pullback to the $62,000 level would present a potential buying opportunity.
BTCUSDChart PatternsTrend Analysis

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