🚨 Market Update - 👀
Yesterday we looked at the rising channel on the 4hr Bitcoin chart, and that we should be aware of a breakdown. The lower trendline has now been broken, but BTC held above $117k. Trading back below the $118.8k (Weekly Open) level, I am watching for a potential bearish retest of the lower trendline around $119.6k - $120k. I am still not ruling out a more aggressive correction, which could be healthy for the market, and will look to place a limit order for this soon.
Yesterday I also said to keep an eye on the $17.50 retest for LINK on the daily chart- this has provided a good reaction so far.