"Bitcoin Analysis: Potential Move Towards Point G"
2025-01-08
Category: None

Based on the current price action on the 4-hour chart, Bitcoin is showing signs of a bearish continuation towards the G zone (around the support area highlighted in purple). This move aligns with the rejection from the F level and the overall structure of lower highs.

I anticipate a potential drop to the G zone due to the selling pressure and lack of significant bullish momentum. However, once the price reaches this key support level, we may witness a bounce or consolidation before a potential upward move.

Key Levels to Watch:

Support (G Zone):  
Resistance (F Level):  
This scenario will be invalidated if Bitcoin closes above the F level, indicating renewed bullish strength. Until then, my bias remains bearish towards G, followed by a possible recovery.