BRIEF BTC UPDATE (SHORT-TERM ONE)

On the BTC/USD 1h chart we can see the classic correctional pattern - the Bearish Wedge. Pay attention to MA 100 which supports the resistance. We can also see an ascending dotted line - this is the past support of the channel that we leave during the recent price drop, so now we can assume the fake breakout the growing wedge in the upward direction. Moreover, there we can see that Stoch RSI is overbought, also we are very close to the resistance according to the RSI.

This idea is a detailed consideration of the situation described in the previous idea.

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