May 7, 2026

BTC Daily, What Happened?

BTC Daily, What Happened?

BTC Daily, What Happened?

BTC Daily, What Happened?

Bitcoin / TetherUS BINANCE:BTCUSDT
Crypto_Fluent


BTC Daily, What Happened?

Hey Team,

As you can see we found support in this zone as drawn on the chart. I didn’t want to see BTC drop that far but here we are, so I took this opportunity to have a break over the long weekend and see how BTC would play out.

We are starting to show signs of a rejection here and are at the bottom of the rising channel so we could continue to move up strong from here.

We had a clear fake reversal + liquidity sweep before moving back into the channel leaving us a daily wick outside the channel support.

I think the first target will be the Imbalance left from the drop and then a push through or rejection.

More updates to come…

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