4 hour BTC RSI showing a bearish failure swing and failure to break above the prior bearish order block. I will be looking towards the next major daily S/R level near the log downtrend resistance. I would expect to see this Resistance tested as support before a continuation.
Note
Ill be looking towards these zone for a potential entry/retest of the log downtrend resistance as support.
Note
6 Hour RSI nearing confirmation level for a bearish failure swing. Overall outlook on this trade remains unchanged
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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.