Now, on a technical level, there is a buying opportunity from the support confluence of the channel and the horizontal key level.
I would not recommend any short, even though a movement downwards is likely too, as the upside is clearly more preferable for the market and your stop will be hit multiple times before the market makes a move in your direction so risk reward wise shorts aren't attractive.
Rather, If bitcoin falls to the identified levels, I would be looking at a buying opportunity there, both speculative and as a good level to add more BTC into your long term investment portfolio.
Thank you for watching. Like and Subscribe to never miss a new video!
✅ Instagram: https://www.instagram.com/mountain.trader/
✅For PREMIUM SIGNALS PORTFOLIO contact: