BTC attempts a second rebound testing the upward trend line, but fails to break through. The current upward trend has already ended; it is still mainly trading as a rebound for shorting.



The 1-hour chart shows a descending channel. Watch the area above the channel at 77.2K; if resisted, consider opening a short position. An extreme rebound could leave a chance to add positions again at 78.5K.

Support levels below are at 73.5K and 70.5K (for longs, only consider rebounds at 735 and 705).$BTC
BTC-1.08%
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