On the daily chart, BTCUDS is running in the parallel channel. The short-term market fell back after testing the upper resistance. At present, we can pay attention to the short-selling trading opportunities, and the downside target is around 98000. If the price breaks through the resistance near 108800, it will break the channel.
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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.