thedailychartist

BTCUSDT needs to break 11,070 to keep the rally interesting.

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
While the market has been rallying in recent days, a leg down to re-test channel trend line support is still likely so bulls will want to see a break above 11,070 to keep things interesting for them. We are technically still in a bull trend so I think market should see some continuation soon.

Market just broke out of an inside-inside bar formation and is now negotiating a key level at 11,070. If we see a daily (and a weekly close) above this level, we may see a re-test of recent market highs next.

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