Bitcoin has retraced, I see a clear bullish divergence on the 10h timeframe which signals a possible reversal either tomorrow or over the following week.
The sell volume is currently low, we have attempted to break the resistance but failed.
I'm expecting us to make a higher low here and then re-test the resistance (white horizontal line). That horizontal line was a level from the inverse head and shoulders in one of my previous analysis linked below.
A simple stoploss will protect us from extensive loss incase we break to the downside, the market is volatile and weekends are often unforgiving. Make sure you do your own research and don't risk any money on the market that you're not willing to lose!
I'm not trusting those flash selloffs either. If we really were heading for a bear market, btc wouldn't have been in the ~60k range for the past months
CountOnCrypto
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@monoamin, let's see how it plays out over the next week or so!
khansaifullah07
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I appreciate yyour analysis and seems to be going down