The following chart is the BTC 1H chart. Currently, it is moving in a channel. The strategy for the channel should be to sell high and buy low, avoiding chasing after breakouts. Last night, I mentioned that BTC was about to break the 99400 level, and indeed it did break this morning, but then quickly retraced. Altcoins are weaker, with almost no breakouts, only retraces. Some of the altcoins I hold were sold off last night, and I will look for opportunities to enter again later. Those trading altcoins shouldn't panic too much; pay close attention to the support level below this BTC channel. You can review it yourself; there is still potential for a rebound at the lower position of the channel. Keep paying attention.
BTC$
