It looks like Bitcoin is doing a mean reversion on the 4 hour time frame at the moment. We dumped in the opening of the Asian session tonight. Liquidations are also seen above the current high that we could take out. Let's wait and see what the London and New York session brings and how price reacts. We should be watching closely for a break through the EMA50 on the 1 hour time frame to confirm a continuation of the trend.
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.