Bitcoin Retreats Within Channel
Updated
Bitcoin still in uptrend channel and "sell the news" is in full effect. It is healty to see more retreat. My hope is that will to continue to just below 33k, below some heavy liquidation levels and a key technical level which includes middle point of latest run (the curren trend), a strong former and possibly current horizontal support and the main trend line. If it fall that much, I think it will be a realy good opurtunity for a long postion that I can keep for a few years.
Note
BTC tested the blue trendline back, if stay below 43500 next stop should be around 36k. Possible timeout around 40-41 first though. That's my baseline for short term. I prefer to stay out of any postions so far, still waiting.
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