BTC is struggling to keep in the chanel We can see falling wedge here There is also same time frame for the next fuel for next retest, Personaly I'm looking forward for fuel up on level of 29900, Then retest of 32000 OTHER SCENARIO IF BITCOIN WILL BOUNCE OF FALLING WEDGE LINE, w8ing for next move
As for now we are facing previous trenline that has led to a massive dropdown previous time. Also see good volume, but this volume had not overcrossed volume MA. This may result in further consolidation on this level , or a little dropdown , nevertheless consolidation will happen. Waiting for a movement in a few hours. Consolidation may happen at level 32-33k.
Zone marked with red shall be deemed as buy zone, sell on 35k. Possible drop down if no volume
Brothers! the situation for btc is that we are facing MA support, if we are on uptrend now, still we need to retest the previous MA support line . Think that situation will look like test of upper trend Chanel at 38300-38400 and then retest 37k. So need to take all positions in this mind - we will go higher, and then can short . Namaste NFA