TechnologyBTCUSD Breaks Parallel Channel, Bearish Trend Continues
BTCUSD has broken the support of its parallel channel, indicating a continuation of the bearish trend. A retracement or chart pattern formation is expected near the broken structure, possibly a pennant setup. The focus is on an FMFR (First Move Fake Then Reversal) setup, where a fake bullish move followed by bearish confirmation could accelerate the downside momentum.
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