$BTC is trading below the rising channel’s midpoint on the daily chart after forming lower highs from September’s peak around $87K. I see momentum weakening here, even though price remains inside the broader rising channel. The dashed support line sits around $79.5K at the current candle, and I’m watching whether today closes below it. I’ll stay cautious unless BTC reclaims $79K–$80K and starts holding above that midpoint.
This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.
Post your reply
