Bitcoin's status on hourly timeframes (4H)
2024-12-18
Category: None

Bitcoin is in an ascending channel on the hourly timeframes. It had reached the top of the channel, reacted, and has now dropped.

There is a support zone that could push the price back up to the previous high.

Closing a 4-hour candle below the invalidation level will invalidate this move and lead to further drops.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You