BTCUSD short-term TA
Quick update, looks like bulls rejected bears at support. On its way to retest the resistance. Starting to look like a (rising-ish) channel to me. Regardless btc price is currently consolidating. Probably has to do with DXY cooling down a bit after breaking out bullish. While money flow velocity is increasing a bit. Meaning, less and less money is leaving the market in short terms. Somewhere next week we'll see which price action trend trajectory btc will take. Whatever happens the end of the bear market is near.
Related publications
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.