Bitcoin (BTC) Update 📊 As I mentioned during yesterday’s live (PL), an ascending channel has appeared on my chart (a bearish formation). It appeared relatively late, as only now does it start to make technical sense - previously it was more of an informational noise. What’s more, it still lacks the third point of confirmation, meaning the structure is not yet fully legitimate. More importantly, however, Bitcoin defended the 100-day SMA 🟡 yesterday and is now taking steps toward further upside 📈 In the short term, the picture is becoming more bullish, although - at least for now, also considering yesterday’s data (see below) - caution is still warranted 👀
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