$BTC wave 4 is still in progress
The first area of support between 10.600 and 11.000USD has not been touched.
The pullback could be enough with a buy setup triggered yesterday.
However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.
RSI starts to look good.
A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative.
A Daily Close below 9.200 USD would mean a Bearish scenario.
Best!
MATHR3E
The first area of support between 10.600 and 11.000USD has not been touched.
The pullback could be enough with a buy setup triggered yesterday.
However, the buy Setup is unperfected and a retest of 11.100USD or lower is likely before the expected consolidation/reversal materializes.
RSI starts to look good.
A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative.
A Daily Close below 9.200 USD would mean a Bearish scenario.
Best!
MATHR3E
