Welcome to this short update on Bitcoin.

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Let’s get to the chart!
Bitcoin got rejected from the channel resistance and broke below it.
Currently, the price hovering right above the $41k area.
As per this chart, the $39.5k to $40.5k is the most important area for BTC to long.
Also, it needs to break and close above the $42.6k area in order to pump all the way to $45k+ resistance.
If you want to long BTC , the green area is where you might wanna put your buy orders. Multiple MA’s support is just inside the green zone.
(Not financial advice).

Conclusion:- BTC is bullish above $38k and IMO it is a retest before the next leg up.
Looking at other major charts BTC looks bullish atm.
I won’t be bearish as long as it holds the $38k level in HTF.

INVALIDATION:- Close below $38k.

What do you think?
Do let me know and hit the like button if you find this chart helpful.

Thank you

#PEACE