BTC next move Bitcoin / U.S. dollarBITSTAMP:BTCUSDAnna_WadeBTC/USD – 4-Hour Time Frame Analysis Bitcoin (BTC) is currently trading within a well-defined downward parallel channel on the 4-hour chart. The price action continues to respect both the resistance and support zones of this channel. At present, BTC is approaching the upper boundary of the channel, which serves as a key resistance level. If the resistance holds, a rejection is expected from this zone, potentially leading to a significant downward move. Traders should monitor this area closely for confirmation signals before entering short positions.