Bitcoin / TetherUSUpdated Analysis.
But if it fails to rebound here, I'm sure it will go down without mercy if it goes down the bottom of the wedge and channel.
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Note
Even if Bitcoin goes up here, there are too many resistances such as weekly 20MA resistance, channel interruption resistance, and resistance to trend lines that continued at 69K.Note
In conclusion, it is possible to rebound in the short term, but it will not be that big and it could be another opportunity to build a short position.
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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.