FieryTrading

🔥 Bitcoin Losing Strength? My Perfect Entry!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Let me preface that this analysis is not a prediction of bearish price action. My short-term bias is still bullish and I wouldn't be surprised if we make a new ATH before the halving.

That being said, I can very well be wrong on my bullish bias. Trading consists of IF>THEN. IF Bitcoin loses the uptrend, THEN we wait for the price to reach the bottom support of the channel.

We can also see a clear bearish divergence on the 3D chart (at the moment). Bears will be happy to see it, but I doubt it will post a long-term threat to the bulls.

Better be prepared in case things go south.

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