BTC has rejected from this resistance 3 times now as it remains our guide.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen very quickly and are risky to try and time.
Even if we get over 4 hour EMA resistance, we will just zoom out to the daily and look for a lower high.
Bears are still extremely comfortable as we are currently about 10% from our recent weekly lows.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen very quickly and are risky to try and time.
Even if we get over 4 hour EMA resistance, we will just zoom out to the daily and look for a lower high.
Bears are still extremely comfortable as we are currently about 10% from our recent weekly lows.
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