We finished the first channel test as expected, which you can say was already the second(We had a small dip right before that). But I'm still waiting for us to re-test the channel to confirm the channel we're in.
I expect us to bounce off around 10.2k and test the Channel again (blue line) somewhere around 8.2k. I still expect BTC to hold the Channel at that...
We can still keep above the purple trend line that comes from a downtrend channel of 11.5k.
I marked the important lines in black. If we break it, there will be a strong movement and since we couldn't keep the strong upward channel, that means we're going down. (We're still on in the big down channel of the all-time high.)
The volume in the last upward impulses...
