Technical analysis by alirezamsh4 about Symbol BTC: Sell recommendation (12/16/2022)

Hello traders.BTC wasn't supported well by 17250 support and sharply broke bottom of the rising channel,downside in 4h time frame.This is a sign of BEARISH market.There are some possible price movements:1-Price continue to fall in a powerful way.2-Price fall down to the SUPPORT area shown in the pic.Then a pullback to somewhere about bottom of the channel and then,continue it's bearish way to the TARGET1 and TARGET2 shown in the pic.(RECOMENDED)3-Price get back to it's previous cycle or range where it is.I recommend second scenario due to it's higher probability and safer situation.Have a nice day!