BUY THE DIP
Considerations:
On the 4h we are looking bearish as long as we are standing under the ribbon.
the scenario could be the death cat: big dump from the top and then pull back to the 0.5 fibo retracement that we have done, that's is the reason why I expect to dump lower.
the most part of the buyer are waiting the 42000$ where we could have enough buy pressure to reverse
in the worst case I see the yellow dynamic support.
On the 4h we are looking bearish as long as we are standing under the ribbon.
the scenario could be the death cat: big dump from the top and then pull back to the 0.5 fibo retracement that we have done, that's is the reason why I expect to dump lower.
the most part of the buyer are waiting the 42000$ where we could have enough buy pressure to reverse
in the worst case I see the yellow dynamic support.
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