Bitcoin retreats after breaking the trend line in the daily time frame, and in the 4-hour time frame, the upcoming scenarios have been identified. Note that due to low volume on weekends, we should be careful with positions or enter positions on Monday afternoon.
The first scenario can reach the green range after the price reaches and there we will see the demand range reach and we will see the growth of bitcoin and the second scenario is reaching the red range where the supply range occurs and can be considered Confirmation, let's enter the shorts position.
The first scenario can reach the green range after the price reaches and there we will see the demand range reach and we will see the growth of bitcoin and the second scenario is reaching the red range where the supply range occurs and can be considered Confirmation, let's enter the shorts position.