BTC. (candles are four o'clock). After another attempt by bitcoin to storm the middle of the ascending channel, sellers' pressure increased, the price closed under the exponential moving average EMA 55 4 H, and, as expected in yesterday's review, the asset rolled back to the lower border of the trading channel. According to the RSI indicator, you can see how its line fails to overcome the trend resistance, so its breakdown from the bottom up will signal the continuation of the local uptrend.
In order for the price movement to develop according to an upward scenario, it also needs to consolidate the price above the EMA 55 on the upcoming rebound, however, while trading activity is insignificant, which indicates a weak interest of buyers. Accordingly, if this dynamic resistance level cannot be overcome, the second scenario will take effect with a V-shaped recovery of the asset after descending to the $ 40,800 area, which at the moment looks more likely.