Big Channel on the BTC 1D - will it hold?

11月12日

Hey guys, BTC is almost right at the top of a huge channel - the lines were formed in the last bullrun 21/22. Considering the beginning consolidation of the last hours, I believe we will at least have some more time below the upper line - and more time without any significant gains, might trigger lots of traders to take some profit. This is just my observation and opinion, no financial advice. Im short with targets around 87k, 85k and 83k, will add if we get closer to the upper line. SL slightly above the line. I do not believe that this is a longterm play, I believe we will go above 100k this time, but this channel is the biggest one - the last hurdle, so i expect some downside first.