nagihatoum

BTC1! cme still respecting channel

Short
CME:BTC1!   Bitcoin CME Futures
the spike to 11.7k yesterday created a gap but priced remained bound to the ascending channel . The gap was closed and more downward price action is expected given the bearish divs on the HTF and price crossing the midline of the channel.

The objective is gap closure at 10.5k, but price action can go deeper to the POC which is confluent with the 4h 200ema.

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