Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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BTC QUICK UPDATE 📚
👉As we can see price is still from a medium-term perspective overall bullish trading inside this rising broadening wedge pattern.
Moreover, price approached a massive rejection zone, which is our all-time high 68k-70k, where we will be looking for new shorts as well, adding on, price is sitting around our upper bound of the rising broadening channel, acting as an over-bought zone.
👉If we had this rejection and price traded lower, then we will be looking for new longs as a trend-following one.
Unless OfCourse price managed to break above 70k, then a movement higher would be expected. 📚
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and as usual follow your trading plan and manage your risk.