I think it's likely BTC 0.86% will re-enter the cloud by (Aussie) morning.
Seems pinched in a pennant signaling continuation of a trend.
The past five hours went to the bulls but the twelve hours prior were in the hands (claws?) of the bears pushing consecutive lower lows and lower highs.
Continuation then relevant to the pennant may mean a furthering of downward momentum.
Long term we're still in tact.
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Apologies - this is the 4H not the 1H as written above.