I will let you know the criteria for setting the BTC direction
This is #BTC 4H chart.
If the movement make breakdown the BOX pattern's under line, It can rebound at the RED lines
If the movement make breakdown the BOX pattern's under line, It can rebound at the RED lines
Note
Note
an expansive wave
Note
As you can see from the chart, Bitcoin has been on an upward trend.
Note
Bitcoin is precariously perched on the edge of its upward channel, refusing to break down despite bearish pressures. If it can manage to decisively pierce the red short-term descending trendline and continue its ascent, it could very well reclaim the upper box range, offering a glimmer of hope for bulls.
Note
For a bullish flag pattern to form, a breakout above the red line at the top of the channel is essential.
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Related publications
Disclaimer
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.