MMBTtrader

BTCUSDT in new Descending channel wait for breakout

BINANCE:BTCUSDT   Bitcoin / TetherUS
As we can see the price now is receiving channel resistance and we can expect some local fall or correction here But we should consider that usually(not always) descending channels after huge pumps are short-term corrections and once we receive breakout to the upside market will continue pumping like ETH Analysis that we shared :

So now we are looking for a breakout and after that new way to follow also valid breakout needs retest too.

Also, the price is near strong resistance zones and we can expect huge fall and breakout to downside too like red arrows.

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