Bitcoin Analysis

As you can see in the chart, the possible scenarios for Bitcoin are plotted in a four-hour time frame and Bitcoin is in a range channel and is fluctuating. Given that Bitcoin's trend in the daily time frame is bullish, the probability of breaking the channel ceiling is higher and is considered the base scenario. In this case, Bitcoin's trend in the daily time frame will be bullish, and if there is a pullback, enter with the strategy confirmed, and the level of 106,000 is considered as the first target. However, if it breaks the channel floor, Bitcoin's trend in the daily time frame will be bearish and there is a possibility of falling to the level of 50,000. Otherwise, we expect Bitcoin to continue moving in the channel according to the third scenario, and in this case, we can buy and sell it at the ceiling and floor of the channel.