BINANCE:BTCUSDT BINANCE:BTCUSDTPERP
Hello everyone 😃
Before we start to discuss, I’ll be so glad if you share your opinion on this post’s comment section and hit the like button if you enjoyed it!

$BTC has reached the descending channel’s bottom and so there’re some similarities to check for…
Last time that $BTC has reached the channel’s bottom ( Formed the channel bottom);
It just pulled back above our S/R local Line located on $~40600 and it has retested the channel’s top.

Now we have the same bottomed candle formation and the local S/R Line above.
Also on wider Look, We have a stiff support zone at $33400 – $32800.

So based on our data; $BTC can pullback from the local channel’s bottom or the lower Support zone!
📝 The main bias is still bearish and I won’t use this possible pull-back to take advantage!
I’ll only look for possible Longs when we get the closings above $35500 straight from our current level.
– The first confirmation should come to our current candle close just like the marked one.
– The second confirmation should be the candle closings above $35500, Otherwise, It’ll drop to the local support zone it’ll invalidate our Long position’s opportunity ( Trigger will be closings above $35500 ).

– Be informed that our possible short-term bullish will be canceled if we get the weekly closing below $35650.
The importance of the mentioned line is just like $42000 (The main bias changer on weekly TF);
It’s been 280 Days ( 40 Bars/Candles) Since our last weekly close below $35650!

All of the given information is for acknowledgment only!
⚠ The possible pullback won’t invalidate our Short-Term positions yet!

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn’t financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades