Hey traders! 🧠
Today’s BTC/USD price action is sending a strong technical signal – price has broken down from the ascending channel, potentially marking the start of a deeper correction. Currently sitting at $106,200, with a daily drop of -1.49%.
🔍 Here’s what I’m seeing:
📉 Uptrend break – bears might be taking control.
🛑 Immediate support: $104,000.
🔼...
Hey traders! 🧠
Today’s BTC/USD price action is sending a strong technical signal – price has broken down from the ascending channel, potentially marking the start of a deeper correction. Currently sitting at $106,200, with a daily drop of -1.49%.
🔍 Here’s what I’m seeing:
📉 Uptrend break – bears might be taking control.
🛑 Immediate support: $104,000.
🔼...
Bitcoin continues to trade within a clearly defined rising channel, maintaining structure and momentum. After a brief pullback attempt, price remains near the upper half of the channel, signaling ongoing bullish pressure.
Key insights:
Price holds above the midline of the ascending channel, suggesting buyer dominance.
OBV indicator supports the bullish...
