BTC Downward Channel and Momentum Analyzed
Maybe we form another "W" on the 4H chart as traders wait for directional trend confirmation. If we do, I'll be watching the highlighted areas to gage market momentum to guide my swing trades. The solid yellow dot, if we get there, may be the ultimate test that will send the market into highly volatile (emotional) price action - especially if it breaks downwards. If it holds above 30k, it may be a slow climb out of the channel... no one truly knows.
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