CoreCrypto1 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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Welcome to this quick BTC update. Currently, BTC is trading around the $26.8k level. It is forming a descending channel in 1hr time frame.

If we look at the higher time frame then it breaks below the important support of $26.8k which is a bearish sign for me. Now, the next important support area is around $24k- 25K

Now, if we look at the lower time frame then there is a possibility that we see a quick bounce on Sunday to trap more retailers and dump again next week.

Observe the chart carefully to know more.

Invalidation:- If we got a weekly close above $27.2k

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BTC perfectly rejected the mentioned resistance level and made a low of $26.8k level.
Now holding the $26.8k and might see some bounce again up to the $27.7k-$27.8k level but in any case we break below the $ 26.8k level then more downside move is expected.

Will keep updating you.

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