Bitcoin: Rally Into Resistance?

Bitcoin remains overall bearish, trading inside a clear falling channel.

Now price is approaching a critical area:
🔴 The upper bound of the falling channel
🔴 A well-defined supply zone marked in red

When a dynamic trendline meets a static supply zone, it creates a high-probability reaction area.

As long as price remains inside the channel, the bias stays bearish.

📌 The plan is simple:
We look for trend-following short setups upon rejection from this confluence.

If sellers step in here, continuation toward the lower bound of the channel becomes the path of least resistance.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr