Becareful for that bulltrap

On the 4hr chart BTC is in a long downtrend. Plus there is a pretty nice bear flag with BTC about to test the top of the channel. Even if it breaks the channel it needs to go above 24k and stay there or most likely we are going to test the bottom of the channel.

This is just my opinion. Not trading advice. Please DYOR.

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.