BTC/USD is looking like a decent short to me. We cannot seem to break the top of the well established channel. I see bearish divergence in the RSI at the daily level, I also see an ascending wedge that can potentially be broken for a nice breakout short. I will be looking for a buy opportunity in the demand zones as drawn. I suspect heavy support around these zones, as well as key fibonacci levels.
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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.