BTC is testing the lower boundary of its descending channel after another strong bearish move.
A short-term relief bounce towards 73.2K–73.4K remains possible.
Rejection could open the path towards 70K and potentially 68K.
A sustained reclaim of the channel would weaken the bearish outlook.
Patience. Let price confirm the next move.
A short-term relief bounce towards 73.2K–73.4K remains possible.
Rejection could open the path towards 70K and potentially 68K.
A sustained reclaim of the channel would weaken the bearish outlook.
Patience. Let price confirm the next move.
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#Stralines is a software automation tool. You select or build strategies, set your own risk, connect your exchange, and choose automated execution. Not financial advice; we never manage or hold your funds. Trading carries risk of loss.
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.