We are still in the rising wedge and we formed a lower Highs on the RSI while having Higher highs candles which is a bearish scenario
If we break out of the channel then we could see a continuation of BTC going sideways unless we break 23.5k
points to watch out for:
breaking out from the bearish divergence
breaking under 24.2k with a candle close
Green lines are the support lines
HIgher Edge of the horizontal channel is the main breakout point
I believe that BTC and crypto market in general having a bullish momentum after CPI report and having fear greed scale back to neutral.
We have a strong chance of breaking out to the upside, But be cautious while we are still on a bear trend and the volatility to the downside
is much higher.