Bitcoin Quick Take:
Right after a sharp dump, bitcoin consolidated in a bearish pennant pattern. The price dropped to $15,700 as a result of the bearish pennant, but it quickly rose again. As you can see, the $16,850 resistance also got some rejections.
In the $15,650–$16,850 range, Bitcoin developed a horizontal channel locally. The next movement will depend on the breakout direction.
The $18,125–18,500 range is ideal for creating some short opportunities. For this position, a good RR. But those are only some possibilities
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