MFF_DutchTrader

Next move for Bitcoin

BYBIT:BTCUSD   None
BTC/USD 4h chart. Despite the fact that we are all hoping that BTC will go back up we are still dipping a bit. We have made a new lower low but the bullish divergence is still active and the demand zone we just hit again. Would like to see the candle lose 4h in the range otherwise I see us dipping further and the S/R zone is definitely an option to start looking for the bottom of this correction. As long as we don't drop below the S/R zone there is not much to worry about. If we drop below that it would not be very positive.


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