BTC | Wk29-30 | 1hr chart

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BTC | Wk29-30 | 1hr chartBitcoinCRYPTO:BTCUSDStudyGuideTAprice is sitting on an hourly resistance level acting as support at $63,840. If price falls below this, the Inv.FrontSide level will begin to act as resistance to create a low angle distribution trend. If price falls below this level, a 15min or 4hr level will likely be tested if we follow fractals and multiple timeframe analysis theory of +1/-1 The 15min timeframe support is just under the 4hr timeframe support so price should "wick" down to those levels and the body of the candle should hold above the hourly resistance level at $63,840 if price action is planning to stay in accumulation to reach / break over $65,741. If not, the daily support level will catch price at $60,438.