#BTC_MARKET_UPDATE : Market sentiments price action and data check.
✅ Two different trend are presented
1) Descending channel movement.
2) Historical Long term bull/bear market trend.
1) In our previous post we analyzed the movement of btc in detail using a descending channel. It is still behaving as per our data analysis and holding trend. At present $BTC is above central trendline/support holding on a daily TF. Breaking this central line means expect a down one trend again. Detailed description and analysis could be checked from our previous post related to btc in descending channel.
2) In HTF #Bitcoin❗️ is way up above the trendline which is a bullish signal. By breaking HTF trendline is a bearish signal. Keeping the views and current sentiment of the market in future it may test trendline or even break but for the time being the market is bullish. Emotions of new traders are changing on LTF(every 15min, 1h,4h) normal in this market due to which very few are winners. HOLDing nerves and keeping emotion aside will create a chance for gaining profit not only in the bull market but even in bear market. For the HTF chart see our analysis from the previous post.
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DYOR for financial activities. NFA, this is only for educational purposes.
