BTC review dated 07.02.2023

07.02.2023

208

1 min

BTC (1H)

On the hourly timeframe, one can see a fierce struggle between bulls and bears, which will decide the short-term perspective of bitcoin. Sellers do not allow breaking through the local downtrend, at the same time, buyers defend the lower edge of the uptrend channel. We may see the denouement in the next few hours.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.