Technical analysis by Harry_Megat about Symbol BTC: Buy recommendation (12/4/2025)

Bitcoin’s 4-hour chart is showing a period of consolidation following a strong upward movement. The recent rally created a steep impulse leg, and price is now moving within a compact range that resembles a bullish flag–type structure. This type of structure often appears when the market is taking a pause after increased momentum. Several moving averages (EMA 7/21/50) are positioned below the current price, indicating that short-term trend conditions continue to lean on the supportive side. Price is holding above these EMAs while staying inside the consolidation zone. If price continues to maintain support near this range, traders will often watch for a potential continuation scenario. On the other hand, if the market slips below the lower boundary, it may signal that the consolidation phase is extending or losing momentum. This idea focuses on illustrating the pattern and highlighting how price is interacting with the EMAs, without suggesting any specific trading action. https://www.tradingview.com/x/Q31zW04Q/