BTC is currently sitting at the midline of an upward channel, with the 4-hour chart showing a pin bar closing above that midline.
Right now, if it breaks down, we're likely heading to touch a trendline below, around 78k. If the current position holds and we see a bounce, we might reach around 79k. However, based on the current situation, I'm personally leaning more towards a continued drop rather than a bounce!
$BTC
Right now, if it breaks down, we're likely heading to touch a trendline below, around 78k. If the current position holds and we see a bounce, we might reach around 79k. However, based on the current situation, I'm personally leaning more towards a continued drop rather than a bounce!
$BTC