OctopusXBT

Pay attention, bitcoin is endangered about a short-term DUMP!

Short
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
I'm happy to start the month with a little bitcoin update. Although in recent days we have been trading quite bullish, bitcoin currently broke out of the ascending channel that was driving it to always point upwards ⬆️⬆️

If we cannot return to it (closing 4H candles above 59250) we can see the price action a little bearish, visiting 58,200, 56,200 and close to 54,400. ⬇️⬇️

In case this happens it would be juicy to re-take many positions at better prices.

Resume: INVALIDATION: Close above 59250 in 4H chart if happens we flip to long and nothing happens :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.