Bitcoin doesn't look as though it has the clout on this trip to break the downward trend channel. Whilst it looked for a while like it was breaking out, volume pushed it back in check showing signs of bull weakness on a clear bull set-up.
My view is that we will revisit the dotted upward sloping trend of this break up (around 9750) to retest. A convincing retest and rejection there should give enough pressure to move north again and break the channel. A cut through at 9750 level will likely lead to falls back down the channel. I wouldn't be calling doom there yet though (4800). Anything around 6400 to 6800 would create a great HL bull set-up. That's all a long way off for the moment, my eyes on 9750.
My view is that we will revisit the dotted upward sloping trend of this break up (around 9750) to retest. A convincing retest and rejection there should give enough pressure to move north again and break the channel. A cut through at 9750 level will likely lead to falls back down the channel. I wouldn't be calling doom there yet though (4800). Anything around 6400 to 6800 would create a great HL bull set-up. That's all a long way off for the moment, my eyes on 9750.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.