BITCOIN Bearish Fractal VS Channel Up. Which one will prevail?

I am focusing on the 4H time-frame this time as we have an emerging Death Cross (MA50 crossing below the MA200) taking place. This brings me back to February after the $10500 top, which also printed a Death Cross that made a new Low after. Of course I will not count in the equation the March 12 collapse, which as I've mentioned on numerous occasions it was caused by the massive liquidation on Wall Street due to the COVID.

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** The Bearish Fractal **
That Death Cross is the pillar of the Bearish Fractal I talk about on the title. A Fractal starting with the 10500 multi-month Resistance test leading up to the Death Cross (displayed in green) and then the part leading to a Lower Low (displayed in red). As seen on the chart, the very same fractal is emerging, which should keep traders on their toes. Even the LMACD is identical (so far) between the two fractals, validating it even more.


** The Channel Up **
While this Bearish Fractal is alarming, we have this Channel Up to be mindful of. As you see the middle line (dashed) of this pattern has been holding up quite well as a Pivot Point since late March. This is why I divided it into the Bullish Band and Bearish Band of the Channel. The more we trade within the Bullish Band, the more chances there are to invalidate the Bearish Fractal and finally break above the 10500 Resistance. Even if the Bearish Fractal prevails, there is a good chance that the Channel Up will sustain the price from dropping more.


Which of the two dynamics do you think will prevail? Can BTC sustain trading inside the Bullish Band and ignore the Bearish Fractal or the emerging 4H Death Cross will put the Channel's bottom to test? Feel free to share your work and let me know in the comments section!

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