Consistent rejections... another dip before new highs?

10 May 2021

- Sharing some thoughts on BTC on 4hr chart.
- The primary factor to monitor would be whether or not the bottom of the yellow upward parallel channel can successfully support BTC. It’s the red box on the chart.
- If it fails supporting, BTC is most likely to get into corrective phase and at least test the bottom at $55200.
- I have marked some of considerable areas to expect decent supports and resistances.
- Rest of the descriptions are written on the chart above.

11 May 2021

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