Bitcoin on 1h chart by RB

Hello, dear friends!♥️ How are you? It's been a while since we last connected!🥹 I hope everything is going well for you, and you're ready for the upcoming halving!😏

What do we see on the Bitcoin chart today?🧐 The situation is quite intriguing. If we look at the daily chart, the scenario is not straightforward! Will there be a sharp price drop before the halving or not? What do you think? I would like to see it happen! Will it happen? We'll find out soon!


Now, regarding the hourly chart, let's take a look at my analysis! On it, we can observe that price movements have been quite turbulent (shakeouts) over the last two months, complicating short-term trades and posing a risk for margin trading! So, be cautious!

Until January 11th, an upward trend was evident on the chart, but after a sharp price drop, the trend has yet to recover (in the short term)!

By drawing a few trend lines, we can see that the price is currently moving in a descending channel and may decrease a bit more. Will there be a more significant drop below 40 thousand? In the coming days or week, if the price doesn't break above the descending channel but continues to decline, a probable scenario is a sharp drop into the range of the white rectangle at 40-39 thousand!

At the moment, this is how I see the hourly chart! I would love to hear from you in the comments for discussion!

I've missed You all dearly!🫶
Thanks for attention!💙
Sincerely yours, Kateryna💛