BTC Big Picture
We are currently in a huge parallel descending channel, from a weekly perspective i would say we might retrace back to the previous resistance (red area) which now turned into a support. If the weekly closes below 23.5k this whole idea is invalided, nonetheless if the support holds we might see some more upward continuation towards the 30k level (gray box).
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.