Bitcoin runs Descending Channel within an Ascending Channel!!!▶️

Bitcoin reacted well to the 🟢support zone($ 29,200-$ 28,730) 🟢 over the past day, although I expected Bitcoin to penetrate further into this zone.

With today's move, Bitcoin seems to form a descending channel within the main ascending channel.

Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines; since Bitcoin is forming a double top pattern in the 1-hour time frame, I expect Bitcoin to at least fall to the 🟡Price Reversal Zone(PRZ)🟡and the middle line of the descending channel and the support line.

Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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Trade fermée: cible de profit atteinte

Commentaire:

New update😊

Bitcoin is completing a pullback and Falling again😉(Short term)