BTC bounce still underway, rejecting from EMA resistance on the 4 hour but still battling for it.
There is a notable pattern the last few weeks of bears smashing the price down when we get to a certain level, but not getting any follow through, just setting daily higher lows.
It is as if there are bots programmed at a resistance level, but they only trigger at those levels and there are not enough retail bears out there to get any follow through.
We will see if this continues with a slow and steady climb back over $4,000.
Daily inside bar is likely to form today, and yesterday's low is potentially just another daily higher low.
There is a notable pattern the last few weeks of bears smashing the price down when we get to a certain level, but not getting any follow through, just setting daily higher lows.
It is as if there are bots programmed at a resistance level, but they only trigger at those levels and there are not enough retail bears out there to get any follow through.
We will see if this continues with a slow and steady climb back over $4,000.
Daily inside bar is likely to form today, and yesterday's low is potentially just another daily higher low.
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