The Next Daily Close to Break These Levels Will Decide..

Hello traders! Bitcoin (BTC) had an exciting weekend, reaching its highest level since July 2022 at around 31 000 $ before retracing slightly and consolidating in the $29.6k-31k $ range.
Based on technical analysis and market sentiment, we can expect a short-term dip in the coming days before a potential continuation of the uptrend.

I am waiting for a break of this ascending parallel channel: either above the upper line to go long, or a break below the middle line to go short. And I am talking of a daily candle close.

Overall, despite the short-term dip, the outlook for Bitcoin remains bullish.
Happy trading, and stay bullish!

Comment:

If Bitcoin were to break below the 100 day EMA that'll be bad news