Yesterday, Bitcoin quickly rose to near its previous high and then began to correct. It is still in an upward trend. From the hourly and 4-hour levels, we can see that Bitcoin is currently supported at 118,500. Before it falls below the rising channel, our trading strategy is still the same as before, going long on pullbacks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.