Either a rebound or a breakout imminent on BTCUSD

Past performance is not an indicator of future results.
BTCUSD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of BTCUSD to test 5162.8100 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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