BTC had a very quick pullback on high bear volume dropping a few hundred $$ which was a sign the high of the day was likely in.
Fortunately for bulls it has been healthy consolidation since then as we watch the tightening hourly range.
Bulls will be looking for continuation towards $10k today but if we lose the hourly higher lows highlighted we will look for 4 hour consolidation.
The equilibrium is more clear on the 4 hour chart and it is possible we stay within this range for the majority of the day.
Bulls can be moving stop losses up if they are short term trades or keeping them lose based on 4 hour higher lows if more wiggle room is desired.
ETH continues to be the lead bull on this move, pricing in perhaps bullish sentiment for the Consensus Conference and any possible news releases.
Fortunately for bulls it has been healthy consolidation since then as we watch the tightening hourly range.
Bulls will be looking for continuation towards $10k today but if we lose the hourly higher lows highlighted we will look for 4 hour consolidation.
The equilibrium is more clear on the 4 hour chart and it is possible we stay within this range for the majority of the day.
Bulls can be moving stop losses up if they are short term trades or keeping them lose based on 4 hour higher lows if more wiggle room is desired.
ETH continues to be the lead bull on this move, pricing in perhaps bullish sentiment for the Consensus Conference and any possible news releases.
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