Bitcoin is trading near $106,600 and still moving cleanly within a well-defined descending channel on the daily chart. Every time price touches the upper boundary, sellers step in aggressively — and this time looks no different. BTC is once again approaching that key resistance zone.
From where I stand, if we don’t see a breakout in the next few sessions, this could be a solid short setup. The structure is clear: fading strength at resistance, targeting the lower channel edge. In this environment, “short the structure — take profit at support” remains a tactical play.
What’s your move? Are you betting on rejection or ready for a breakout?
From where I stand, if we don’t see a breakout in the next few sessions, this could be a solid short setup. The structure is clear: fading strength at resistance, targeting the lower channel edge. In this environment, “short the structure — take profit at support” remains a tactical play.
What’s your move? Are you betting on rejection or ready for a breakout?
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✅You can get 7-10 Forex, XAUUSD, Bitcoin...signal every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+6a8jSQbpr2tmYWFl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+6a8jSQbpr2tmYWFl
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.