Retest of lower trendline

BTC is retesting the lower trendline (previous support) after breaking below it. As of now, this trendline is acting as a resistance, and if it continues to do so, we might be headed into the 46k range.



Yesterday I made a post saying BTC was gonna bounce off the bottom of the parallel channel and it did. Now its near the top of the channel so that's another reason I'm expecting BTC to pull back.