BTC ... is moving into an ascending channel

已更新

Hi everyone

A quick review on Bitcoin to see a possible scenario in short term:

if you follow my last analysis I showed how price broke long term trend line

from March 2020 and drop below it.

so we can not expect new bull trend for longer charts.

but we can see now the price is moving into an ascending channel, if this channel forms well

we can have a limited rally between 39500$ to 41000$ before another drop.

so for now we can follow the price into the channel. breaking above or below the channel can

change our scenario as well. lets see

Enjoy the market

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注释

price couldn't gain 39500 important level so drop and even broke the channel downward. our last chance of rally is 35700 to hold. if not the blue area would be the main target.