ANALYSIS $BTC 08/21
📍 On the D1 frame: Yesterday's D1 candle has a long upper shadow and closes below the bottom, forming a bearish pinbar candle pattern, while the volume increased compared to the previous days. It shows that the selling force is blocking at the upper resistance.
📍 With the continued appearance of selling force blocking at the previous peak resistance, it shows that the buying force is temporarily weakening, and at the same time confirms the formation of a horizontal price channel in the range of 58-62k. Therefore, it is likely that the BTC price will temporarily stagnate and accumulate sideways
(The article expresses my personal opinion, please refer to it)
