📊 $BTC 4H Market Analysis
Bitcoin is approaching the upper boundary of a descending channel, a key area that has repeatedly acted as dynamic resistance.
As long as price remains below this trendline, the bearish structure is still intact. A confirmed rejection from this zone could trigger the next leg lower, with $61.3K as my primary downside target.
However, if buyers manage to secure a strong 4H close above the channel, this bearish outlook is invalidated and could open the door for a move toward higher resistance levels.
For now, patience is key—I’m waiting for confirmation, not prediction.
Trade the reaction, not the expectation. 🎯
#BTC #Bitcoin #Crypto #TechnicalAnalysis
#SKHynixToInvest19.1TWonInM17Plant
Bitcoin is approaching the upper boundary of a descending channel, a key area that has repeatedly acted as dynamic resistance.
As long as price remains below this trendline, the bearish structure is still intact. A confirmed rejection from this zone could trigger the next leg lower, with $61.3K as my primary downside target.
However, if buyers manage to secure a strong 4H close above the channel, this bearish outlook is invalidated and could open the door for a move toward higher resistance levels.
For now, patience is key—I’m waiting for confirmation, not prediction.
Trade the reaction, not the expectation. 🎯
#BTC #Bitcoin #Crypto #TechnicalAnalysis
#SKHynixToInvest19.1TWonInM17Plant