BTCUSD: Channel Up intact until 4H MA50 breaks.

Bitcoin maintains the solid structure of its Channel Up that has so far delivered two 14.80% rises. With 4H technically bullish (RSI = 65.196, MACD = 354.400, ADX = 30.451) there is no reason to stop buying at the bottom, until the 4H MA50 breaks.

We are buyers on the S1 with TP = 25,500 and sellers below the 4H MA50 with TP = 20,700. The RSI's Channel Down can provide additional insight for the buy entry.


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