BTC BULLISH
BTC has respected an ascending weekly TF channel for the third time and has finally broken a 4H TF downward trendline which confirms my bullish bias. We have a structure and ascending channel resistance at 42500. This resistance could push BTC down just for a while and I can see it pushing BTC down to 36000. If this happens, long term traders can get in on a buy. I will be sending updates if there are changes. Overall, BTC is bullish.
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Disclaimer
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.