BTCUSD: a false breakout
Yesterdays's breakout was a false one, the price returned to the previous channel. Probably, one could explain the action with the news from SEC about bitcoin ETFs. Now we are around the strong support level of ~6.8k The drop from the previous high is already huge, so there are two scenarios: 1) go lower 6.4k, which might lead to a sub-6k region, 2) reversal of the trend (more likely).
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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.