BTC/USD TA Update (Bearish Short-term?)
BTC/USD
BTC got rejected 2x at trend-line resistance between 9.9k-10k rejoin. The price dropped by almost 5% last few hours today but immediately bounces at key areas of support.
Things are quite looking bearish on the 4H time-frame as BTC made another Lower High. If Bitcoin will recover again at previous support but still unable to break this trend-line resistance.
I won't be surprised the next try it will retest the key support area again is likely to fail the 4th time. Priority is now is leaning to the Bears in the short-term.
BTC got rejected 2x at trend-line resistance between 9.9k-10k rejoin. The price dropped by almost 5% last few hours today but immediately bounces at key areas of support.
Things are quite looking bearish on the 4H time-frame as BTC made another Lower High. If Bitcoin will recover again at previous support but still unable to break this trend-line resistance.
I won't be surprised the next try it will retest the key support area again is likely to fail the 4th time. Priority is now is leaning to the Bears in the short-term.
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