BTCUSD Likely pullback down to previous resistance
12H closed below 10 SMA which it has not done since 22k in December. Stochs, MACD, RSI are all crossing down and I would suspect price to come down to the 12H 21 EMA at the minimum or previous breakout resistance at 34k. Likely short term support and bounce there.
Note
To note: 2D candle has closed below the top side Bollinger bands which suggests the strong trend upward is potentially weakening. I would take take caution here.
Note
Expect more downside if the next 12H candles close like this.
Note
Stochs will need to hold this trendline or further downside is expected.
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.