Bitcoin Multi-Timeframe Analysis

Hello dear crypto friends, hope you're doing well guys! ;)

If you're following the general sentiment currently, you will see many colleagues showing at this downward tilted channel on the Daily Chart:



=> If we were to focus on that solely, we could expect a move towards $14k, once $12k breaks. But here is my problem with that channel:



=> On the Weekly Chart, the importance of the channel completely disappears. We can see that the higher High candle bodies are coming at $11,4k, around the range where we're currently moving at. The clear higher Low is coming in at $9k psychological: If we fail to close the Weekly candle clearly above the $11,4k, we could further tighten between those ranges in the coming weeks.


What's the current price action?



On the 4H Chart we are currently having a clear Equilibrium pattern going on, which will see further tightening & a break coming.

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