#BTC/USD Quick Update
4H-Frame S & R Chart Update
Unfortunately, fundamental economics indicators were negative for the #Bitcoin in recent days and this caused the price to decrease below $17000 again. Therefore, We stopped posting new signals to see the actual market direction.
Currently, we're in the short-term correction and if #BITCOIN can not go back above $17000 fast, The priority will be negative and fully bearish again.
Breaking down the uptrend channel will cause to start of new downward moves.
Only breaking up the $17000 and the primary downtrend line (White) can cause us to think about market growth again.
We have another incoming crucial economic event in 15 mins. (Initial Jobless Claims)
