BTCUSDT - Rising parallel channel

BTCUSDT - Rising channel. No one knows what will happen.

If it breaks at the top of the channel, the next target is 58K.

If it breaks bottom we might test 52K and also 50K retest is possible. Anything below 50K will be a concern

Supports (green lines) and resistances (red lines) indicated. Thick lines are key levels. Blue lines indicate direction only and not representative of timelines

Let's follow price action and adapt our plans based on the supports and resistance indicated.

Always follow risk management. BTC can be volatile. We have seen quite a few flash-crashes off late.
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