Bitcoin recently brokeout of the pennant chart pattern as expected. It looks like the market is printing an ascending channel and price bounced off the channel resistance. Price is currently experiencing retracement to the horizontal flip support + channel support + fib retracement levels. Bounce off the channel support would be a good bullish signal↗️.
The over all trend of this pair is about to change and its consistently testing the trend line
We are currently in an area of interest where sellers usually take control and push price lower
Wait for correction to be broken before shorting