By continuing the correction of the past two days, Bitcoin continued to decline, and this decline continued to the level of $21,450. Also, the direction of the short-term movement of Bitcoin is downward and towards the specified supports in the range of 20,255 to 21,199 dollars. But we may see a return to the resistance of $22,118 to $22,367. In the 1-hour period, we can consider a narrow descending channel after the downward spike movement. In the scenario of a short retracement to the upside, Bitcoin can register a positive swing to the $22,628 range by breaking the ceiling of the descending channel if it forms a double-bottom pattern above the $22,628 support. In this case, we can expect a range trend. Again, after this move, we expect a return to lower supports. But in the second scenario, we can witness the continuation of the downward trend inside this channel by breaking the support of $22,628.
