ETHBTC Key Support| Trend Change? Bottom?

In Today’s analysis -ETHBTC- bottoming around a support region that has multiple technical confluences.

Points to consider ✍️

Point of Control Support
- Dynamic S/R Support
- Bullish Order Block Support
- .618 Fibonacci Confluence
- Swing High Objective

ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.

Price Action need to establish a local bottoming structure around the .618 Fibonacci confluence zone, this will increase the probability of a bottom being in pace.

Overall, in from Bitcoin Insider’s perspective, ETHBTC is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️

Hope this analysis helps.