BTC has broken down and formed a perfect touch of the 0.618 fib at 8600.
Bullish divergence present on the 4H RSI.
Look for a retest of the current bear channel's top trend line at ~9700.
BTC must break out of downtrend and sustain > 10k for bullish continuation.
Bullish divergence present on the 4H RSI.
Look for a retest of the current bear channel's top trend line at ~9700.
BTC must break out of downtrend and sustain > 10k for bullish continuation.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.