Either a rebound or a breakout imminent on BTCUSD

BTCUSD is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of BTCUSD to test 3718.5800 within the next 11 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.