BTCUSD is consolidating within a narrow range, and a breakout could trigger a strong move. Given the sharp drop yesterday, this ascending channel may act as a bearish flag, signaling a potential continuation of the downtrend.
If BTC loses support, expect another significant fall. Watching for a breakdown confirmation!
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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.