BTCUSDT price is bounded with parallel channel wait for breakout

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As we can see price after that deep fall is now in the range zone and gets boring now we have local support that is mentioned on the chart with the purple zone and the price was not successful to break this support and fall to 40K.

But after this local range over here, we can see that we have a new parallel channel that after breakout we may have local volatility market once again and sharp movement once again.

Notice: we are looking for the best possible long entries for buy positions now and two of them are mentioned on the chart.

DISCLAIMER: ((trade based on your own decision ))
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ملاحظة

More correction to 40K support is also expected too:

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ملاحظة

Channell resistance touched and some correction