Bitcoin Chart Analysis

Dear friends,

This is the Bitcoin chart, drawn in the 4-hour timeframe and utilizing daily data as well. In the 4-hour timeframe, we observed a CHoCH (Change of Character) and I hoped that the price would reach the Extreme Order Block. Unfortunately, the price did not reach this point and confirmed the decline. Therefore, a selling opportunity in the 4-hour timeframe did not materialize.

Currently, we have analyzed the daily chart, and there is a possibility of a price reversal to the specified zones. The chart has been drawn clearly and smoothly to ensure you can easily utilize it.

I have marked the selling zone, and with confirmation from the 15-minute timeframe, you can take advantage of this zone in case of a pullback. You can also optimize your entry and make your stop loss smaller.

Thank you for your support!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."