As we can see in lower timeframes like the 4H price is in Descending channel and it is falling:
but if the resistance of this channel breaks with high volume as confirmation or with valid retest we can expect more rise and gain here for BTC like green arrows on the chart.
Notice: only if 40K support break market is again bearish and price can fall more to 35K--30K.
DISCLAIMER: ((trade based on your own decision )) <<press likeđź‘Ť if you enjoyđź’š>>
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.