BTCUSD BEARISH SETUP AFTER RUMORS

7 Haz 2023

On BTCUSD, we have a bullish setup around 27,000, a price level that has bounced three times on a bearish trendline, touching a supply zone before starting the descent. Currently, the price is ranging within a bearish channel and it could drop to break it, bounce at the exit, and continue the descent towards the 22,000 area, where there is a validated demand zone with spikes. I also want to hear your thoughts on the rumors about Binance and Coinbase.

Let me know what you think.

Happy trading to everyone.