BTC/USD
Bitcoin loses the 4hr time-frame and upward trend line of support. If BTC will attempt a pullback to 7.6k and failed that will be our first Lower High and the structure is now scouting for daily Higher Low to form
to keep the uptrend intact. The area I'm expecting the daily Higher Low to form is between 6.9k-7.1k since we have consolidated that region for 5 days and 0.618 Fib support.
otherwise, it will have to retest the previous Low at 6.5k for potential Double Bottom reversal pattern.
Bitcoin loses the 4hr time-frame and upward trend line of support. If BTC will attempt a pullback to 7.6k and failed that will be our first Lower High and the structure is now scouting for daily Higher Low to form
to keep the uptrend intact. The area I'm expecting the daily Higher Low to form is between 6.9k-7.1k since we have consolidated that region for 5 days and 0.618 Fib support.
otherwise, it will have to retest the previous Low at 6.5k for potential Double Bottom reversal pattern.
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