UNI / Bitcoin
Diupdate

UNIBTC - A Precarious Situation

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We have broken below a key parallel structure, similar to Feb 15.

Currently, we are consolidating within the small parallel channel I've drawn.

Either this structure is a consolidation pattern, or a bear flag, depending on the way you draw it.

I stay bullish on UNI in the long term - ESPECIALLY if we enter a alt-cycle where you have to use UNISWAP to get access to low cap coins.

A margin position seems TOO RISKY. We do not know yet which side the price will break to.

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