After a pullback, the trade returns to a new high. Can the resistance level be successfully broken? BTC broke out of the upward channel from 8.30 to 9.19, then broke through the descending channel from the 9.19 high. These two moves were textbook examples, and technical analysis is just there to give you entry/exit signals. The most important thing is still your trading strategy—just focus on executing it well. Short when it rises, long when it falls. Sounds easy, but when it comes to execution, you need to trust yourself and your judgment. At the 11.35 resistance level, I’ll choose to short, with a stop-loss set at 11.46 for this range-bound market.