BTC/USD is testing the upper boundary of a rising channel near $88,000. Price action shows a potential rejection from previous resistance. Bearish scenario highlighted with a possible move back toward the lower trendline zone near $70,000. Volume remains steady. Watch for confirmation.
Order cancelled
BTC Short Idea Invalidated – Possible Trend ShiftThe short setup has failed to play out as expected. Price action shows strength, and key resistance levels are breaking. This may signal a potential trend change to the upside. Waiting for confirmation before entering new positions.
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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.