BTC Analysis: Descending Parallel Channel with 4H&1D Resistance
Trend: Overall bearish trend
Candles: Several hammer candle formation indicates prices can go up.
Support & Resistance: Price is respecting 4h & 1D resistance levels.
Descending Parallel Channel: The price is moving within the channel.
Candles: Several hammer candle formation indicates prices can go up.
Support & Resistance: Price is respecting 4h & 1D resistance levels.
Descending Parallel Channel: The price is moving within the channel.
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