#Binanc
#sguare Bitcoin (BTC) is generally trading within a bearish trend inside the red descending channel, in a corrective movement.
As it approaches the lower boundary of the channel, it enters an oversold area.
The lower line of the red channel also intersects with the demand area in blue and the previous historical peak.
Therefore, as BTC approaches the intersection area, we will monitor buying opportunities with the trend on smaller time frames.
