Now BTC is between the rising channels, and you can see that the price is resisted by the channel and the resistance line of $22,000. In the short term, BTC can be shorted. The forward sharp drop position of $26,661 is used as a price resistance line, and the intersection of the trend line and the channel as the target, will be a good shorting position. The price is $25,330, and the target is the support line near $22,000. The ultimate goal fell by $17,300.
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.