$BTC ATH REJECTION
#BTC/USDT: Just got rejected from the $69,000 #alltimehigh followed by a quick 15% pull back which is $10k worth in just a few hours. This is perfectly normal to see as we hit the highest price in $BTC history.
What is next? Up or down?
A trade will be executed after seeing a consolidation phase followed by a clear breakout. Currently keeping an eye on a break to the upside surpassing ATH which will act as support before seeing higher moves.
A consolidation phase followed with a clear break to the downside would confirm a downward momentum until hitting support areas indicated in the green channels before the continuation of the bull cycle.
THE CHARTS TELL YOU WHAT TO DO, YOU DON’T TELL THE CHARTS WHAT TO DO.
Next trade coming soon!
