But still there is always another deduction to argue every analysis. If I look at the lower time frame, which is the 4 hours time frame to measure the middle projection of potential moves, I find a white support which had been trending since May 2020. Looking at this alignment between this support and the blue region, I really think that the price will respects this region as a significant support too. Even I'm so on mid term, I think that the price will has a slight bounce as the reaction of this support.
However, I'm still watching closely for this potential bounce play. There are 2 altcoins that I watch for now to open a potential long position is there is a bounce in bitcoin . But if we don't get any confirmation on this bounce, I'll still stick to my set up plan which I've shared previously.