Trading recommendations:
According to the H1 time frame, I found that BTC broke the upward channel in the background, which is a sign that there is a potential change in the trend direction from bullish to bearish. I also found that there is strong supply in the background and there is no buying pressure to react to this strong supply. My advice is to watch for selling opportunities. The downward targets are set at the price of $3,392 and $3,110.
Support/Resistance
$3,927– Intraday resistance
$3,642– Intraday support
$3,392 – Objective target 1
$3,110 – Objective target 2
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