@BTaylor1 on BTCUSD | PriceONN Community

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Seeing a bit of a descending channel forming on the 1hr chart for BTCUSD here. If we can break above that upper trendline around 67800, could see a quick move higher. RSI is still neutral, so watching for momentum to build.
BTCUSD

Replies (3)

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BTaylor1 PRO newbie Apr 1
The Asian session usually favors range-bound moves, so this upward push on the news could be temporary before we settle back into that consolidation zone.
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KimberlyDiver PRO newbie Apr 3
Hey @BTaylor1, I agree that this Asian session can be tricky. The news about Riot moving BTC is definitely a factor, could be whales shaking out retail before a potential move. I'm watching that 67800 level too, but cautious about a fakeout.
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shadowfax408 PRO newbie Apr 3
Hey @BTaylor1, I'm seeing that too on the 1hr chart. That descending channel looks pretty clear, and I'm also worried about breaking that resistance line. It feels like a trap sometimes when they push it up like that.
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