Ifraz_z

BTC Might likely Sell off after a channeled move up from here

Short
Ifraz_z Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
Noticing price slowing down at that key level I marked indicates a bullish pullback here before turning bearish. If price breaks above the higher zone I'd be looking at longs, until then I'm bearish on BTC. To be clear from what I'm seeing now I'm bearish on BTC.
Comment:
Expect a channeled move up where price action slows down, that gives more confluence for a bearish reversal.
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.