Bitcoin(BTC) - Breaking Down From Bullish Channel (Daily Update)
Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous movement to lower zones here.
Weekly Candles are in favour for bears and same goes for daily candles, which still remain below 38K and also 40K, which both work as some sort of "physiological resistance."
Swallow Team
Weekly Candles are in favour for bears and same goes for daily candles, which still remain below 38K and also 40K, which both work as some sort of "physiological resistance."
Swallow Team
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