#Bitcoin Update: Despite attempts to break through, BTC remains in a bearish channel on the 4-hour chart. With $57,500-$56,200 support crucial, brace for potential dip to channel bottom.
After reaching $0.5500 and the ceiling of the ascending channel, the price of #CFX started to decline. It has not yet reached the bottom of the ascending channel that it has formed in the daily time frame!
The downward trend of the price seems to be still strong.
Another step of price decline can bring the price to the bottom of the channel.