the yellow circle indicate that the bear pressure is getting smaller, usually in the pattern like this, there will be one final test to the nearest support then bounce up very fast, it's because the buying pressure accumulate from the previous bear run, so bouncing will be hard, keep an eye close to this, you want to have a nice price entry right here to ride the...
After going sideway for two days, finnaly bitcoin will make the movement soon, there is always a two scenario bullish and bearish, and from what i see in RSI, it look's good, and it want to challenge the 9750 ressistance again, if we can make it, then all Alt maybe in rebound also, so don't miss it :)
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on the first try BTC/USDT fail to penetrate the 9750 ressistance, so this time will try the 2nd attempt, if BTC/USDT manage to overcome this, we can make sure that the bear pressure is decreasing by a lot, so the next day will be recovery mode, then the golden cross will take us to fight again the trump wall again!!
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Now we are in the bounce from previous selling presure, high chance that we will retest the upper ressistance as you can see in the selling zone ( RSI is still good ), there is two output after we test the ressistance, first it will bounce in the 9800 support to continue the run, or it will fall and retest the 9500-9600 zone again, now we are waiting BTC to give...
As you can see that BTC/USDT is making lower low but each time it's more slow and not much push like before, it's mean that the BEAR is start losing the momentum right here, and at the 9500 support BULL is showing some high volume which indicate the trend change, yes there is a possibily to continue the bear, but from this timeframe we will have to make sure that...
There is a bullish divergence on 1 hr chart, so assume the bear pressure goes off a little, then we can see like in the prediction, to test again the support, if the support test rebounce passed by a high volume, we can safely say that we will continue the uptrend, all of this is just a correction from previous rally
