1W TF:Anticipating BTC to continue its downtrend. As per previous bullish flag followed by a rally, BTC shows forming another bullish flag pattern currently lower highs and lower lows. Currently approaching a 93.5K-89.5K zone. 20EMA coming into play within the zone forming a strong area of confluence. MACD crossing to the downside supporting a downtrend. A dead...
Price currently sitting at a confluence of horizontal resistance, diagonal resistance, 200EMA. Breakout above the confluence,rally to the upside,🚀🚀 Breakdown of structure price will retrace to the downside.
4HR TF: Immediate resistence tested and failed to break above.20EMA acted as second Resistence. BTC is likely not ready yet for rally to the upside.