$BTC

As I said in my previous post here , I come here along with new analysis in the 4h time frame .

Kindly request all of you read all post carefully , and mostly Do Your Own Research before taking any action , Because Crypto market is high volatile,

Lets go into chart , A falling channel pattern, also known as a downward ( descending) channel, is a bearish chart pattern in the Technical Analysis . In this pattern an asset's price moves between two parallel downward-sloping trendlines. The upper line connects lower highs, forming a resistance level, other side the lower line connects a lower lows, forming a support level. The pattern indicates a bearish trend.

BUT a price breaking above the upper resistance line can signal a BULLISH REVERSAL .

we see $Btc broke the upper resistance line that indicating Bullish Reversal .( But note -Every break out required confirmation and here we don't get yet.)

Long- $111k

Stop Loss- $106k

Take Profit 1- $ 113k

Take Profit 2- $116k

Take Profit 3- 124k