BTC 4HR Rising Wedge

I drew this yesterday on the 4HR because I wasn't too sure if we'd bounce. Sure enough, BTC bounce'd back up and is meeting resistance just above 7.5k.

It's forming a nice little channel here with decreasing volume (No real follow through).

I missed this rally myself, I'm still waiting for a retest of $7-6.8k, and won't rush back in.

Historically, there's no real support in this area as well which is another reason for my cautiousness.

I'd give this a few days to play out and see what happens, but if you enter, set tight stops and alerts.

Personally, I'll continue to take a break from the trading for the week and jump back in this weekend.