The BTC formed a channel, two trendlines which act as a dynamic support and resistance. If the price breaks the trendline, then there will be the opportunity to go short. However, it is important to wait a valid strong breakout for confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.