Welcome to this quick update:
As you can see, we are currently trying to break out from this bearish channel.
If we succeed and break this channel, then the next stop for Bitcoin would be the strong supply zone, locating at $34500.
The bullish breaker for Bitcoin is also the resistance at $34500.
Right now I expect a fake break out with enough bearish volume so I open a short position.
What do you think will happen?
$34500 this weekend or sub $30k??
As you can see, we are currently trying to break out from this bearish channel.
If we succeed and break this channel, then the next stop for Bitcoin would be the strong supply zone, locating at $34500.
The bullish breaker for Bitcoin is also the resistance at $34500.
Right now I expect a fake break out with enough bearish volume so I open a short position.
What do you think will happen?
$34500 this weekend or sub $30k??