Bitcoin Mini Future Bearish Price Action
After the accelerated fall post breakdown of horizontal channel, the price dropped to fill the gap and bounced back.
The bounce took price back into the horizontal channel but the price slid out of it.
Then price dropped towards the gap and bouncing just above it.
The price tried to enter the horizontal channel but took resistance, further confirming bearish price action.
As it remains outside the channel, it seems bearish.
The bounce took price back into the horizontal channel but the price slid out of it.
Then price dropped towards the gap and bouncing just above it.
The price tried to enter the horizontal channel but took resistance, further confirming bearish price action.
As it remains outside the channel, it seems bearish.
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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.