BTCUSD, Up or down? look
Bitcoin seems to be moving in an almost neutral channel (placed in a larger descending channel ). The most important resistance range is 18100 to 18580. If it succeeds in breaking this resistance, it will move towards the ceiling of the channel (21500). It is possible that by touching this resistance, selling pressure will increase and move towards the bottom of the channel (14800). So keep your eyes and focus on this resistance, because it will determine the movement of the coming days and weeks.
Exactly according to the analysis, it hit the red resistance range (18100 to 18580) and reacted. Target 14800 is valid.