BTCUSD is retesting the broken falling trend line
BTCUSD is retesting the broken falling trend line 34000. Confirmation of the break is required for the upside continuation and a test of 40000 for the complete upside reversal. Now only a break below the 31050 would lead to an invalidation of the uptrend and could lead to a deeper pullback to 20000. An important test after the 40000 is 42000 and a break above will lead to an uptrend continuation. We also have an uptrend Andrew’s Pitchfork channel formed which can give you good entry and exit indications.Â
Note: you can accumulate the buying position here
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