Hello friends, latest update on the last analysis which was exactly as visualized.
1. There is ongoing squeeze for BTC, one-hour chart. Massive battle at the 46K region between the bulls and bears. Pressure is building either way. 2. I had to use a Channel for clarity. You can see on the chart, back and forth Push-n-Pull forces acting on Bitcoin at this range. 3. If Bulls win, we breakout upwards this channel, and EXPLOSIVE price shoot will happen. 4. If Bears win, breakdown will happen, a significant drop will happen. Strong support will hold only for the time. 5. Key candle for upward confirmation must begin at $46,500-503 BTC price. Watch out
If all else remains constant and NO government FUD… this analysis will remain valid.