BTC Trend Context: The price is within an ascending channel – overall, this suggests an upward trend in the market.
Support Testing: The lower boundary or support zone is being tested – this is a critical "decisive" area.
Rejection/Bounce Potential: If support holds and the price reacts upwards, we could see a further move upwards towards resistance.
Breakdown Risk: If the price breaks decisively below support, this could lead to a deeper decline or a trend reversal.
Support Testing: The lower boundary or support zone is being tested – this is a critical "decisive" area.
Rejection/Bounce Potential: If support holds and the price reacts upwards, we could see a further move upwards towards resistance.
Breakdown Risk: If the price breaks decisively below support, this could lead to a deeper decline or a trend reversal.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.