Bitcoin BTC.

At the moment, according to local analysis, if we take the 4-hour timeframe, a parallel falling channel has been formed. I'm attaching screenshots.

What does this mean for spot holders or those trading futures?

Nothing for the spot portfolio!

For futures, this is a direct trend towards the exclusion of everyone who puts Long in order to remove large and medium-sized competitors. A correction is appropriate after breaking through the important level of $70 thousand.

It is unknown how long the parallel channel will last, I think until the upcoming halving.

It is important to consider that large players always go against an important trend in order to maintain the trend, how does it work? Those who think that there will be growth, they give a decrease, and when they think there will be a decrease, they give growth 😅 pure manipulation and this is clearly visible from the red candles. The level of 59 thousand dollars is important for us, so there will be a correction.

And if we take the global level in the daily timeframe, a bullish flag is formed, which will be reflected in alt coins. Let me remind you that we are still in bullish growth and the channel of bullish accumulation is very strong, it is not so easy to lower it except for insider information, which was the other day from the Fed. #btc #AI $BTC #Altseason2 #NVIDIAGTC24