Hello Binance Family / Fellow Traders.
As per our last analysis (attached on the chart), BTC rejected the blue trendline support and has been bullish in the medium term. 📈
However, the overall sentiment remains bearish, as BTC is still trading within the falling channel marked in red. 📉
For the bulls to take over long term and initiate the next impulsive wave, a break above the $91,000 major high in blue is needed. 🔵
Meanwhile, BTC may still retest the blue trendline — where we’ll be looking for new short-term longs. 🎯
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
