BTC is still in an upward channel, but the weekly candle closed with a long upper shadow, indicating significant selling pressure.


Last night, the news caused it to fall to the lower band at 73.7K; intra-day, watch if a rebound to 76K can hold firmly.
If it fails to hold above 76K, consider short positions; a volume-supported break below 73.7K can add to short positions.
If it breaks above 76K, there is still a chance to push higher to hit a new high of 78K-80K.
Above 76K, it is not recommended to go long; focus on short positions, with longs only considered at 73.7K and 70.5K.
Personally, I believe the probability of the blue line is greater than the red line.
BTC1,79%
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