See chart, we are at a resistance level with an hourly uptrend - it is containing price well at the moment but overall on D chart price is struggling to reach a new high.
A break of this channel would expect a move to midline of range around 35500 or lower to support at 30000. BTC has been on a run, so a breakout upside is not excluded however based on the latest test up here I would be bias toward a range or Move more likely to downside.
Trade with care!
A break of this channel would expect a move to midline of range around 35500 or lower to support at 30000. BTC has been on a run, so a breakout upside is not excluded however based on the latest test up here I would be bias toward a range or Move more likely to downside.
Trade with care!
Note
See comments below for updated chart - the breakout did pull back and gave 2 entry setups as noted in follow up charts.Note
uptrend is running out of steam, look for channel break soon -once we break, we will look for structure change and update.. 
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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.