#BTC #Bitcoin $BTC
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In this article, we will review Bitcoin across major timeframes.
Starting with the weekly timeframe:
On this timeframe, Bitcoin is moving within a channel and has currently bounced off its midline, heading towards the upper boundary. This range is 86,700-97,200. I expect it to reach these highs, but if the upward movement takes longer, the value could be in the range of 99,000-116,000. Therefore, I will decide based on the situation.
DAILY
On the daily timeframe, we also have an overall long situation, but a correction is needed. Since I haven't fully built my position yet, I will continue to accumulate in the range of 56,130-58,380. I have marked this range in white where I will be accumulating in the spot market. Additionally, there is a gap in that range, so it makes sense to go there and pick up the big money passengers who were relaxing last weekend.
4 HOUR
On the 4-hour chart, it is already evident that the market has turned downward, and after gathering liquidity, short-term big players have taken short positions, at least aiming to close the gap. The accumulation zone is the same as on the daily timeframe. I think I will also review the hourly chart but will not consider smaller timeframes.
1 HOUR
Now we have reached the chart on the hourly timeframe, and it presents a beautiful picture for bears. I have marked the accumulation zone for a short-term short position (I will enter a short if there are formations indicating a short). Overall, I recommend everyone use my assistant, which automatically provides brilliant signals and helps you develop a trading strategy essential in trading. My indicator disciplines, teaches, and allows you to earn at the same time. So, I am waiting for all of you. I am available for contact.
