Shorting BTCUSD: Let the Channel Do the Work

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Shorting BTCUSD: Let the Channel Do the WorkBitcoin / U.S. dollarBITSTAMP:BTCUSDDalitsoTemboFollowing up on our earlier analysis — Bitcoin testing support inside a falling channel on the 1-hour chart. That support is now showing signs of weakness, so I'm considering a short entry on BTCUSD. The channel structure remains intact, with lower highs continuing to pressure price downward. This looks like a steady opportunity to follow the trend rather than fight it. A simple approach: place your stop just above the latest high and look toward the lower side of the channel for your target. As we know in trading, patience always pays. Let's watch price action closely from here.