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BTC UPDATE
The short setup on breakdown of $63,100 got stopped once the price returned above the support. Moving further.
The price is now located in the upper part of the descending channel. The recent pump was fueled by the news regarding Jane Street's long-term market abuse and lawsuit filed by Terraform.
🐂 Bitcoin now looks quite bullish to me. There are two great spots for buying:
- $67,000 support
- Descending resistance breakout
Keep in mind: we are in the bearish trend and all purchases should be done with cautious. Overall, I am positive about March - April 2026.
$BTC
{spot}(BTCUSDT)