📌 - Bitcoin Analysis

4H Timeframe

The small breakout I mentioned is playing out right now.

However, it's moving quite slow and that concerns me.

In the daily, price is actually forming a penant pattern, marked by the blue trendlines. Is it a bullish or a bearish one? Well, since the trend is bearish, its most likely the latter.

So for me, the purple FVG stands as the last support level, break below it, and the bearish penant will play out.

11-jun [$BTC ]