Continuing intraday forecasts. Bitcoin is still located in the large trading corridor 9100 - 9500
If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get the following local trends: Week is Bearish Day is bullish 4 hours - bearish
Yesterday was completely bearish. Multiple attempts to break through the support level have been seen. Now there is consolidation at the lower border of the trading channel. A local bearish trend has formed.
There is a high probability of another attempt to break through the support level. Zone 9100 - 9160 is actively redeemed. Therefore, I do not see a strong dip below it today.
The scenario for the day is bullish, with a rebound from the support level (see green arrows) The level of cancellation of the bullish scenario - 9060 USD The top trading range for today is 9400 USD The lower trading range for today is 9022 USD
Medium-term priority scenario - flat within the corridor 9100 - 9500
Good luck to everyone and good profits! Regards, Michael @Hyipov
Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it. [/ I]