$BTC Hello for the chart evaluation according to the new price movements.

Channel #btc , which formed a rising channel after its last decline, appears to have retreated by testing the upper band with a hard wick.

The important detail here is that the previous peak has lost its liquid, everything is normal up to this point, but the wax body remains almost as a wick.

The importance of this will be whether this place remains as a block structure or not.

When the price comes to retest this area, if it gets rejected from this block area, it will perceive its last move as a double top.

In case this scenario occurs, the first move will be 56.750 and if this point is lost, the channel bottom line will be tested at 55.500.

In my opinion, it is likely to reach 51,750, which appears in all #Bitcoin visual posts.

As for the upper price target, I think it will be 63,300 if it successfully completes the retest of the last price movement.

As always, I want to repeat my warning,

Do not trade without a stop.

Good luck to everyone.

#Binance #cryptotrading