BTCUSD Short-Term Reaction

15 Şub 2021

Looks like BTC is in an ascending triangle at the top of an upward parallel channel. Within this pattern, BTC has broken a short-term uptrend within a larger downtrend. My analysis says this will likely go down to retrace a bit, before making a decision to go up into the upper-channel resistance zone, or to make a bigger move downwards.