As we can see, bitcoin moves in a growing channel. Recently, in this situation, we had a strong breakout and a sudden sharp jerk up to the support border of the "growth channel around $ 8200. Personally, I am waiting for a strong growth impulse at around 10k and a sharp decline at the green box.
Note
Everything is happening as I assumed. Strong breakout at 10k and quick rebounding of this level and decrease to lower support levels. Long positions closed at 10k and opening of short positions. I expect a few more downfalls to the bottom of the trendline around the green box.
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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.