BTC reached the upper band of this rising channel and has hit that red dashed line I had for months now, it’s a resistance which in my opinion is very strong.

I did not expect the pump to happen tonight, indeed I lost money in a short, however now it’s hard to predict what’s gonna happen. If price goes over this line I’ll be bullish , if it remains below there are three possible options, of which the third it’s absolutely remote:

1) a decise dump which would test EMA 200 and 44.6K in order to turn it into a support;
2) price hovering close current zone until volume rises again and it finds the strength to go over
3) massive dump <— I don’t see this coming

Considering that despite price rising volume has been lowering I’m leaning toward option 1 unless BTC breaks out 47.5K tonight (at least, my night in my timezone).

So, don’t do my same mistake, don’t start shorts tonight (to be honest I started yesterday and I didn’t remember today TERRA foundation said they were going to buy BTC to peg UST ).

Good luck