BTC/USD TA Update (Bearish Pattern?)

2020年1月16日

BTC/USD

Bitcoin is quite looking a bit exhausted on its uptrend and currently painting a bearish ascending channel.
If BTC fails to hold 8600 regions, I'm eyeing the next support at 8400-8300 but this area of support is not good enough in case of a major drop.
The next Key support is between 8200 - 8000 levels which have higher chances of a bounce from this area.
We know Bitcoin has to cool down at some point to build a next Higher Low on the Daily time-frame.
Please don't use over leverage and keep your stop-loss accurately.