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#HotTopicDiscussion #ContentStar Good morning GT community 🌞
Update BTC November 17
- Yesterday's candle D1 closed back with an amplitude nearly equal to the previous strongly increasing candle, showing that the selling pressure had absorbed most of the previous buying pressure. This shows temporary weakness of the buyers
- On the H4 frame - BTC continues to move sideways and accumulate in the price range (Trading range). After touching the upper border of the price channel, BTC adjusted quite deeply, showing that selling force at the old peak resistance area of 38k is still strong. However, the main trend of BTC is still increasing, so I expect BTC to continue to rise to test the upper boundary of the price channel.
Happy Friday with GT trading today ❤️