Welcome folks to this important update on BTC in 4 hours time frame.
BTC just got rejected from the 44k to 46K resistance level. It has also got rejected from the 21 MA in the 4 hours TF but in the 8 hours TF, it is at the support. However, this rejection will possibly drop the price up from 41K to 42k. If we go according to the rising wedge pattern then its drop levels should be between 39K to 40k. This is the possible scenario as of now.
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.