Technical analysis by Simba_Trading about Symbol BTC on 6/1/2024

BTC has been quite quiet lately but is it accumulating for an ATH? Let's look at the technicals. Technicals → We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing? → There is also a zone which price touched multiple times. Trade → I am conservative here for a swing trade. I like to see we a confirmed break at the 8H first resistance of around 70K$ Your trading friend, Simba Trades