As I expected, BTCUSD reached to a higher end, where it came back from the top of a 1H channel. Interestingly, it exactly returned from the 37800 resistance point which I indicated yesterday (see the related link below).
Now, I expect another bullish movement towards the top of the channel, and from there, up to the 40K $ resistance by breaking the upper channel line. From there, I expect two possible scenarios. One is a pullback from the new high in 40k to the channel line and then up to next higher targets. And the other will be inability to break 40k $ resistance, and so a correction downward movement towards the midline of the channel. Which scenario will be more probable? I personally guess the second one. Lets' wait and see!...
Now, I expect another bullish movement towards the top of the channel, and from there, up to the 40K $ resistance by breaking the upper channel line. From there, I expect two possible scenarios. One is a pullback from the new high in 40k to the channel line and then up to next higher targets. And the other will be inability to break 40k $ resistance, and so a correction downward movement towards the midline of the channel. Which scenario will be more probable? I personally guess the second one. Lets' wait and see!...
