The 4-hour timeframe is often seen as short-term, yet it holds significant strength. We’re focusing on Bitcoin.

We have a bearish rising wedge pattern that broke down, followed by several red candles. The last session closed in green, signaling a potential bullish reversal. However, the current session has formed a bearish engulfing pattern, negating that bullish signal.

The reversal of the previous green candle strengthens the bearish breakdown. Trading volume is high on both sides, but the largest bar is red, occurring at the top of the pattern and wave.

These short-term signals point toward lower prices.