As we know, nothing much has changed in the higher time frame and if we go through with the 30 min chart BTC got rejected from upper trend line resistance for one more time.
In a shorter time frame, we need here a clear break out to this parallel channel to grow above towards the upper price levels.
Currently, BTC is moving down to the mid-support level and needs to hold that level to revert back above.
Candle close below the mid support will leads BTC towards major lower trend support.
Let's see how it goes in the upcoming hours.
Thank you.
In a shorter time frame, we need here a clear break out to this parallel channel to grow above towards the upper price levels.
Currently, BTC is moving down to the mid-support level and needs to hold that level to revert back above.
Candle close below the mid support will leads BTC towards major lower trend support.
Let's see how it goes in the upcoming hours.
Thank you.
