Bitcoin | Ascending Channel Formation & Key S/R Levels..!!

BYBIT:BTCUSDT   BTCUSDT Perpetual Contract

In 4h timeframe, Bitcoin Has been moving in Ascending Channel Pattern.

Recently, Bitcoin Bulls got Rejected the Major Horizontal Resistance 11.2k 📉

Now, Bitcoin Heading towards the Lower Trendline of Ascending Channel , If Trendline/Channel Broken Downside, Bitcoin Might test the 10550 (Support)

In Bullish Case, If Bulls Held the Ascending Channel Trendline, & Bitcoin Bounced Back, It Might test the 11.2k Resistance Again 📈

According to Ascending Channel Formation, Next Week, Bitcoin Might test the 9860 Area.

Keep in Mind, 9.6k Area CME gap Still Remained Open. So Keep Your Eyes on it too. 👀

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Good luck
+2 Reply
Faibik Saeed966
@Saeed966 Thank You for Appreciation
Great TA like always. Good work.
+1 Reply
Faibik mikac
@mikac thank You for Appreciation
nice setup bro
Faibik Nibiru7
@Nibiru7 thank you
Why the deep from 12044 to 98 zone some days ago? It's very shocking why traders do TA charts considering every other important indicators but leaving out the factor of CME gaps which play a virtal role in BTC movement, who ever is expecting a 98 zone because of a fucking resistance on 11k should be prepared to get rekt. I find this chart misleading
amazing setup and overall great. thank you for the updates!
Faibik Aaric201
@Aaric201 Thank you for appreciation and support
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