BTC update :
BTC is right now moving in same channel as you can see as per 4H chart.
My opinion :
1- If BTC gives the 4H closing above the trend line that will be considered as break out and BTC can move towards Breaking its resistance levels at 62,800 , 63,800 or above 65,000 with a little bottom start (59k range)
2- IF BTC breaks down the bottom trend line and gives 4H closing below the trend line , i will be considerd a break down and our bottom targets will be 58k , 57k amd around 56k.
3- BTC can consolidate in this channel and can move side ways as the weekend is going to start .and we all know there is less volume on weekend.
Now , What to do ?
If you have an open short above 61k entry then let that open ,
If you have opened long below 59k then let that open.
New entries can be a trap so avoid gambling .🙏
