bearofwallst

Bitcoin analysis 4h (Short Term)

KUCOIN:BTCUSDT   Bitcoin / Tether
Bitcoin price is compressed and its moving in the bearish channel

I expect a fast movement in the coming days and it will happen when BTC break this channel from top or break the white support line(Bitcoin's old broken downtrend) and then it moves in that direction.

Bitcoin under the Red Trendline is bearish and after breaking this trend, its opportunity to buy

The white support line is keep supporting price so when price breaks it, it means more correction but fast.
The bottom of December 6 candle is a important area where bitcoin can recovered from

Now it's better to wait
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