Looking at the BTC price ranging for some months, showing point of accumulation. ALL support and resistance has been marked, with price clearing some liquidity at the resistance, on the 4hr time frame, the price is in a bearish trend and also forming a descending channel. Price breaks the last low, and the two possible movement has been shown.(1) a move to hit the resistance of the channel and hit the support which will violate the last higher low and make a shift in market structure, or (2) A retracement to continue the trend which will like make the spring happens. THE ranging or this bearish trend shows low volume which support the accumulation.
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