Bitcoin / TetherUS

BTC_[Daily]_Trendline Support (Channel Bottom)

100
BTC Daily Analysis:

Price is moving in within descending parallel channel for 155days now

Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).

A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)

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