On the weekly timeframe we can see that BTC has formed a spinning top candle to close out the week which followed a large wick to the downside. This means that we can potentially see a reversal here back towards the 60,000 level.
There is no good setup on this quite yet on the H4 timeframe but a key level to watch is the 52,000 price point. If price breaks above here a recovery to the 60k level will be imminent.
There is no good setup on this quite yet on the H4 timeframe but a key level to watch is the 52,000 price point. If price breaks above here a recovery to the 60k level will be imminent.