Bitcoin has just formed an almost horizontal flat channel. Both, a support and a resistance are ascending which makes this channel - BEARISH. However, we have two triggers, one for SHORT position, another for LONG, let me explain you.
If the price of BTC break through the resistance at $8200 and takes hold above one, you can open short-term LONG position. In another case, if the price breaks through the support of the bearish channel ($7515), you can open SHORT position. Just take a look at the chart and you will see that this channel offers a bunch of opportunities if you properly place entry orders.
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