Pay close attention on S&P500 as BTC recently moves in correlation!
We are now in clear H4 downtrend which makes me think that price will make new LL.
Anything above 5900$ is higher low on daily time frame (at least for me) so bulls have enough space to maintain recent daily trend.
If price can break below Monday low i'll add to short position anticipating weekly higher low ideally around 5300$.
We are now in clear H4 downtrend which makes me think that price will make new LL.
Anything above 5900$ is higher low on daily time frame (at least for me) so bulls have enough space to maintain recent daily trend.
If price can break below Monday low i'll add to short position anticipating weekly higher low ideally around 5300$.