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#BTC
BTC Four-hour chart breakdown: -
Bitcoin at the smaller time frame continues to rise. A new four-hour upward channel has appeared. The recent highs mostly formed in the 84-86k range. The CME gap at 84k has been filled—when price reaches 86k, that’s an over-extended (premium) rally!
There’s currently a pullback. First, watch the 8w whole-number milestone, and the support at the lower edge of the upward channel, around 78k. Only if it breaks below here can it indicate that this uptrend is over—otherwise, you’ll see a pullback or a new decline!