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▫️Now bitcoin is in a strong price channel, which, as you can see, is held by the bears and the downtrend continues.
💡Let's think globally, I have marked five blocks on the chart since March and also marked a local channel in which the downtrend continues. We see that the price of btc is formed by the consolidation of deep pullbacks on the chart (block 2-3).
◾️What do I think about this, if you pay attention to (block number 1), you can see a similar consolidation as now, we tested the $17640 level, after which the price returned to the $20.000 zone and the volatility decreased significantly (1000-1500 points). I think the Market Maker is accumulating a position before going to $15,000 and after that there will be a $25,000 short run.
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