BTC in the 4h time frame is in a correction wave, the correction wave only ends when it surpasses the CHOCH position, BTC will probably increase again and break the SwichHigh of the 4h time frame.
Note
Today the price increased and broke through the CHOCH point, signaling the end of the recovery wave and the price continued to increaseNote
Price still fluctuates between Swing High and SwingLow in the 4h time frame so the 4h wave structure does not changeNote
After the CHOCH breakout, BTC decreased in price and then continued to increase to break the SwingHigh
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.