Possible indication of another move down

This could be descending channel forming. BTC need higher high now to avoid bear div on 12hrs SRSI. If not, new lower low is in the cards. This is too many "if" but just keep in mind and be extra careful with long positions since most of alts follow BTC correction.
Good luck traders!

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Looks like our analysis was in place. Bear div formed, channel more less respected. The question is will we see the bottom of our channel or triangle with the bottom around 61,6 - 60,5 K formed? Trailing with stops in profit if you took a short trade since this could be a symmetrical triangle forming also...