Looking at BTC on the 4H we have another pennant forming. Similarly to the previous BTC HTF post this pattern is all about patience and waiting for break of support or resistance of the pennant.
Some key things to consider is decreasing volume combined with price compression and significant increasing volume with a price break.
If price breaks bullish we will be continuing a larger macro pattern of a rising wedge on the D1 which will be driving price into the most key area of resistance for Bitcoin since it's yearly low.
This will be detailed further below.
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This pennant will continue playing into this macro wedge on the daily