BTC No. 8/5 followed the collapse of the Asian market and hit the upward trend channel (yellow track) that has been constructed for a relatively large cycle since the bottom of this bear market. The overall rebound returned to the downward trend line but was hindered by the connection between the previous lows. Uptrend line.
Overall, I think a breakthrough or another retracement of the right pin low point depends on the attack and defense of the green trend line of the US stock market Dow Jones!
The CPI data released tomorrow may make a choice about the short-term direction!
Just keep an eye on the trends of U.S. stocks!
