HI friends! Looking the four hour chart, we can see that bitcoin has been rejected at the rising pink trendline, and is now breaking support at the 23.6% retracement level. Additionally, there has been a bearish cross on the MACD. Prices are likely to head lower. Possibly to the 50 EMA (in orange.)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***