$BTC 4H

Locally, we are trading between horizontal support 40500-40600 and a downward trend. This can be interpreted as a descending triangle formation. This kind of formation is most often worked towards horizontal support/resistance, that is, in our case, downward 📉

On the fourth attempt, they successfully broke through EMA-100 4h, but the current activity of buyers indicates that Bitcoin is looking up in the area of ​​41900-42100. I think that after a retest of the upper boundary of the formation, sales will continue, but you should not lose your head, since a breakout upward is quite possible.

To begin with, I am waiting for the gap to overlap at 39600, after which I expect a retest of the more global upward trend, that is, a descent to 38450-38600. Further, it is quite possible that growth will continue, the targets of which will be the levels of 48000+ and 50200+.

I’m not taking shorts now, I’ll think about it when I return to 42,000.

I thank everyone who consciously leaves tips ☕️