#BTC☀ — Moving Within a Bull Flag📈
This is the third time we are testing the upper boundary of the long-term descending channel. If we had a short-term ascending structure, this would indicate a reversal and potential for decline. But given that the structure is descending , this looks more like a squeeze within the bull flag.📈
❗️ Therefore, I am less and less counting on a full-fledged rebound and decline to $50,000. But I do not exclude such a scenario, I just need more precise confirmation for such a movement.
We may still see a decline to the lower border of the bullish flag, in the region of $57,500. But only if we see a full-fledged rebound from $63,000 with the opening of the new week.
