BITCOIN (BTCUSD) Potential Short From Key Level

I rarely post on bitcoin, but the current setup truly worth mentioning!

BTC is standing on a key daily structure resistance.
We have already seen an attempt to break through this level, but buyers were immediately rejected.

Now we see the second attempt to test it.

Taking into consideration a long term bearish trend, we have a great chance to catch a trend following trading setup.

Pay attention to a rising channel on 1H and sell the market in case of a bearish breakout of it (at least 1h candle close).
The breakout may happen from any point within the resistance area.

Target levels: 6240 / 5780

stop above higher high within the channel!

good luck!

in case of a bullish continuation and higher high higher close above the zone, setup will be invalid.