Price is currently trading in an Ascending Channel.
Turtle soup/double top formation on Friday last week.
With a 50% fib retracement in today's London session,
we take our sell entry.
Targets around the equal lows at 104.200.
On the 4H TF, we see the classic Accumulation and Manipulation for Bitcoin. We're now in the Distribution Phase.
Nonetheless, on the lower TF, we'd be looking to take advantage of another AMD formation into the 4H FVG before we continue downwards.
