⭐In the 4-hour timeframe, based on the gradual decline within a bearish channel followed by a gradual increase within an bullish channel, it is highly likely that #BITCOIN will make its next move based on one of the following patterns:
⏳#BITCOIN / 4-hour timeframe ✅Scenario 1) Movement based on a wedge pattern In this case, #BITCOIN experiences a decline to the support level of 58768.60 and then rises to the range of 68165.35-68474.55
✅Scenario 2) Movement based on a head and shoulders pattern In this case, BITCOIN experiences a deeper decline to the support level of 55382.60-55737.30 and then rises to the high of the head and shoulders pattern
✅Scenario 3) Movement based on an expanding triangle In this case, which will experience the deepest decline, #BITCOIN drops to the price of 53047.20 and then rises to the range of 68165.35-68474.55
👉Conclusion: The overall outlook suggests that #BITCOIN will decline to a minimum of 58768.60 and a maximum of 53047.20. ..................................... ⏳#BITCOIN / 1-HOUR Timeframe
⭐The condition for BITCOIN to drop based on one of the above scenarios is that it breaks below the 1-hour timeframe bullish channel ..................................... ⏳#BITCOIN / 15-minute Timeframe
✅Today's Movement: 👉As long as we are below the resistance level of 64058.69, the priority is a bearish movement towards the targets of 63623.34 and 63095.83.
👉❌If the stop-loss for the bearish scenario is triggered, meaning a breakout above the resistance of 64058.69 and a close above 64167.00 on the 15-minute timeframe, then a limited bullish move towards the targets of 64434.92, 64591.80, and finally 65023.41 is expected.
Note
✅This analysis worked incredibly well🤩
🙆♂️Look at where I said #BITCOIN would drop. And then, look what happened🙅
🔻#BITCOIN started its decline exactly from that point and even hit the first🎯✅ target
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