BTCUSD Trading in a Narrow Channel | Potential Bullish Reversal

Introduction to Trade Step-up:

Bitcoin essentially saw its value to almost half in just a month. Now price has been trading in a short-term bullish channel ever since.



BTCUSD Trading in a Narrow Channel | Potential Bullish Reversal by EmpowerTrader 

Trade Step-ups: 

Bullish Reversal: Price rejects a breakout from final support of the bullish channel . Profit levels to look for are 4400.00 & 4600.00 respectively.

Bearish Breakout: Price breaks final support of the trend, look for consolidation below 3900.

Market Positioning:

IG Client BTCUSD Positioning

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