Traders,
Here we have BTCUSD 1D chart.
Previously talked about our current level (POC) here:
Fundamentally, technically sentimentally, it must take his breath here to pull back to possible entry which will be a bear trap from whales and we talked about FOMO traders with weak hand are all on right now they need to be out to continue that beautiful...
The price is still contained in a descending channel (red). 4H tweezer top confirmation (marked with pink rectangle) suggests that the ascending bull channel (green) will most likely be broken in the coming hours. Closing below 0.0088 means the downtrend continuation. Should the price close anywhere above 0.0097, this would signal a new emerging uptrend.
