cryptoblog

#BTC Returned to the Channel

Half a day later, we can start drawing some conclusions – BTC currently lacks the strength to hold above, but buyers still have some power, which keeps the market uncertain.

We didn’t see an impulsive drop within the channel; instead, we’re staying near the upper boundary. The workweek is in full swing, and I’m confident that the situation will become clearer by the weekend.

Both of my short positions are in slight profit, but I’m not moving my stop losses to breakeven since another breakout attempt is quite possible. We’ll keep observing and stay tuned.