$BITCOIN Analysis: The market retreats, Ignoring the good news?

My answer to the topic is that BITCOIN might have a short-term pullback from technical analysis.


BTCUSD soared 9% yesterday since Trump won the presidential election. And then, it be rejected by the resistance level of the bullish channel upper edge.

Therefore, the price might continue to go up after a short-term pullback. And the support level for this pullback could be previous high area.