BTC - LTF Developments Update

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BTC - LTF Developments UpdateBitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTHere is an update to my last post: Sellers continued to defend the orange trendline. This came in addition to the other bearish indicators I outlined on the 2H. Price has fallen to the middle black trendline, failed to hold it as new support, and sellers have now reclaimed that level as resistance again. This means a move back towards the lower black trendline is likely. Currently, the lower trendline sits around $64k. However, if that lower trendline is lost, then the macro bear pennant will be playing out and lead price towards the 0.618. Or watch for a bounce from the lower trendline back to the upper orange trendline.