Technical analysis by YASIRWA about Symbol BTC: Buy recommendation (8/1/2024)

BTC Daily Analysis:Price is moving in within descending parallel channel for 155days nowPrice is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).It is also confluencing with 61.8% fib level (Golden Ratio)It has also reached a long-term trendline support which is respected historically (except a recent fake break down).A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)