Hi Everyone! Yes, looks like downward pressure is still in control at the moment for the short term. There is potential to fall to approximately $46,300 in a few more 4-hour or couple more 8-hour candles. The upward pressure we still see currently in the 4-Day time frame indicates a BRIEF pullback if we have a pullback. The Green EMA in the 12-hour also looks poised to potentially turn back up in a couple more 12-hour candles. So, if we are going to go down to $46,300, we need to so it within the next 33 hours. Otherwise, upward pressure may be "on" again and we run up to higher highs.
BTCUSD: Potential Dip $44,400-$45,550 Range Next 12-hour Candle: