BTC - Now We Wait ❗️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📌on H4: Left Chart
BTC has been stuck inside a range in gray for a whole week.

For the bulls to remain in control medium-term, we need an H4 candle close above the upper gray area 28,700
In this case, a movement till the 30k - 32k resistance would be expected.

📉 On the other hand, if we break below the lower gray zone 26,700 then we will expect a bearish correction to start till around 25,000 support / demand.

📌on M30: Right Chart
Here is a cleaner view for the price movement inside the H4 range.

Previously, BTC rejected the lower bound of the range, and the bulls took over by breaking above the last M30 high in blue.

Now, we are sitting around the upper bound of the range, and for the bears to take over short-term, we need a break below the last M30 low in red.

Which scenario do you think is more likely to happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich