BTC/USDT, Testing the Upper Limit of the Downward Trend Line
BTC is currently testing the upper limit of the current bear channel and the .5 fib retracement level from ATH. I would still be weary of entering large positions unless we can get over 4000-4100 with conviction. Until then, this could very well be whales trying to lure in a few more buyers before further correction. If you do decide to FOMO in, use tight stops in case a dump ensues. The next few days/week will be interesting for sure.
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