Friends, $BTC continues to trade below the middle band of the ascending channel that has been forming since February.
As long as it remains below this level,
75K intermediate support
72K channel support
will continue to be monitored.
Yesterday, a series of positive news items came in one after another, but a piece of news strong enough to sharply propel the market upward still hasn't arrived.
For now, the pressure on the technical side persists. On one hand, continuing with support-resistance and trend monitoring, on the other hand, keeping an eye on the news flow.
🚨After months of decline on the $ARKM side, there might be a noteworthy reaction for the first time.
But there's still no clear reversal signal.
📍The 0.1356 zone is currently critical support 📍The real level to break: 0.1862
If this zone breaks with volume: 🔥0.2238 🔥0.3878 🔥We could see much sharper moves afterward
But here's the reality👇 The chart is still within the falling channel. So anyone getting excited too early could end up as liquidity for the market again.😊
Right now, the market is fully asking: "Is a bottom accumulation coming, or is a new trap being set up?"