ZulGang BTC Updates Telegram Channel

1. 2024-06-05

   The price also printed two new bullish patterns on the 4-hour timeframe:

   1 - The price formed a bullish pennant with a target of 82,700.

   2 - It also formed a new inverse head and shoulders on a larger scale, with a target pointing towards the 91,785 area.

   Later today, we have two high-impact news events that may act as catalysts for a move towards these targets: the Non-farm Employment Change and the ISM Services PMI.

2. 2024-06-05

   We finally have a valid 4-hour candle closing, accompanied by a daily candle closing above the target.

   The price failed to maintain momentum, as I mentioned in an earlier post, and it has fallen towards the 66,750 area twice to test the support, while keeping the 69,100 level as the baseline, also known as the max pain level.

   Currently, the price is trying to absorb the supply. If the bulls manage to hold this area until the next candle closes, we can expect bullish momentum to come in.

3. 2024-05-21

   We have the reaction we were waiting for with a valid violation of the controlling supply on the 15-minute timeframe.

   We need the next 4-hour candles to close at least above 70,250 to remain bullish, or ideally above 71,465. Waiting for the Asian whales to wake up.

   TradingView

Public posts from t.me/zulgang, collected Sep 29, 2026.

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