On H4: left graph
As per my last thought, we know BTC Stuck in a range in the form of a flat spike Wedge breadth pattern in red.
since BTC Now we are getting close to the lower boundary (red trendline) we will be looking for trend-following buy groups.
On H1: Correct diagram
After rejecting the upper red trend line and breaking below the gray bottom, BTC He was bearish Correction phase formation inside orange channel.
🏹 For the bulls to take over, And start the next one rising Motivation, we need a break on the last big rally orange .
while, BTC It is still possible to trade lower. And if we break below the red H4 level, we would expect more bearish Movement to green demand area about 21,000
📚Always follow your trading plan regarding entry, risk management and trade management.
All strategies are good. If managed properly!