Bitcoin has hit the upper level of the channel. Indincating a reasonable chance for a short term reversal.
Wait for the price to close below the confirmation line before going short. Also, check out the support line as a good possibility to exit the short position.
Since bitcoin is very bullish at the moment, keep a close short-loss since you can easily burn yourself here.
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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.