BTC currently in a clear 4 hour downtrend, and I am continuing to either wait for 4 hour oversold conditions, or a change in trend on this time frame before I make an entry.
Daily consolidation still underway with the pattern of a lower high every day. Daily EMA12 support being tested again this morning. It would require a break down to the upper $10,000s to see 4 hour RSI hit oversold today. Daily consolidation remains healthy, it would require a bear volume spike and notable drop under daily EMA support to change that.