#BTC/ETH#BTC
#BITCOIN
The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel
The price is now $22.40, which is the entry price
Targeting the $21.50 area, which is the lower limit of the channel
There is a strong resistance point at the upper limit of the channel that supports the decline
We have a trend-hop on the RSI indicator, but more declines are expected on it
Btcethb
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC USDT 4Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC got rejected from the horizontal resistance. There is uncertainty on the lookout and the volume is extremely less.
The short-term range of BTC is from $15.6K to $17.1K. A strong breakout above $17.1K would confirm a push toward the bearish order block around $18.5K, which is the fundamental level for bulls to break for the mid-term bullish affirmation.
A sustained breakdown of $15.6K support would confirm one more leg down in the market toward the $14K to $12K zone, and that could be the end of the corrective waves.
This is not a piece of financial advice.
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