BTC Channel

I'm not against Bitcoin bull. I know in years, crypto market cap will overtake gold.

BUT you wanna be safe before you execute a long position on this big boi.

BTC currently trading in a descending Channel.

You wanna buy once it breaks upwards and retest the upper channel.

Otherwise, wait.

Not having an open position is a better move than having an open position with no analysis.

I personally think, BTC has to go lower, because central banks and big players that control the markets are cheap. I think 9K USD a Bitcoin is still too expensive for them.