BTC in tight downward channel.

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We are in a decision point, bears got the ball and they could drag the price lower then expected. Still the time is on bull side. My strategy for this chart is to sit tight and wait for the break out from the arc. I am very cautious of being bull since crash scenario is likely. Any feedback appreciated.
The square follows the action pretty well, I think we will keep going down the red arc as we have since the last peak.
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