Good day traders,
Looking at both scenarios upside and downside BTC starting to show bullish divergences on 4H, 1D charts which would cause another failed rally with lower high to around 9000$ level.
For longterm bullish scenario looking for:
Strong volume exceeding previous volume levels.
High-timeframe momentum flip to the bullside.
BTC not close and open below 6300-6100 level on weekly timeframe.
Right now is not time to take unnecessary high risk, preserve your capital and patiently wait for market to decide.
Stay safe,
Looking at both scenarios upside and downside BTC starting to show bullish divergences on 4H, 1D charts which would cause another failed rally with lower high to around 9000$ level.
For longterm bullish scenario looking for:
Strong volume exceeding previous volume levels.
High-timeframe momentum flip to the bullside.
BTC not close and open below 6300-6100 level on weekly timeframe.
Right now is not time to take unnecessary high risk, preserve your capital and patiently wait for market to decide.
Stay safe,