🔥 Bitcoin: Re-testing Channel Before Bullish Move

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A couple of days ago I made an analysis on Bitcoin and the potential break out of the channel.

🔥 Bitcoin: Re-testing Channel Before Bullish Move

In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again.

BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive approach would be to enter the market right away. I’d be more conservative and wait for a (daily) close above $61k to confirm the reversal.

Targets for the move: $62.5k and $63.5k.

Happy trading!

评论: UPDATE

🔥 Bitcoin: Re-testing Channel Before Bullish Move

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