BITCOIN short - TrendLine break and retest - Supply Demand - h4

Hello Traders!

Nice Setup possibility on Bitcoin. We can see a nice Up Trend on Bitcoin. But price did not formed a new Higher High and Price also broke the Trend Line. Now we are currently retesting the Trend Line. At the same price we have a Supply Zone which is an additional confirmation.

Structure:
The overall structure of Bitcoin is in a Triangle Pattern. I made some analysis in the past. Check them out in the links down below. We are also currently at a weekly Supply level. The weekly price action showed us indecision phase. This could lead to shifting momentum which would let Bitcoin drop. This is will not be a big drop. It will just be a correction of the up move. Afterwards I expect a bigger push to the upside.

Confirmation:
#1 Trend Line break
#2 Trend Line retest
#3 Supply Zone
#4 weekly Supply Zone
#5 Market Structure

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.