BTC 4H, Chart Analysis

٢٤ أغسطس ٢٠٢١

Bitcoin is 4 hours chart is bull flag opened. flag pole target is 54300$-54500$. 4H stcok rsi's fire out. But in my opinion price will touch channel bottom first. Those who want long positions are evaluated. Because the ongoing rise for the 4 day has encouraged the bulls. They don't stay comfortable without clearing their long positions.
Anyway, I don't think there's anything to be afraid of.
48500$ strong support and 48000$ fibonacci 0.618 support will meet us strongly.

It is not investment advice. Manage your risk correctly.