BTC at a key support level, watch for bounce or breakdown.

BTCUSDT needs to hold the line between 8800 and 8725 to avoid a deeper correction to between 8430 and 8250.

BTC is about to give up the 4h higher low and I'd be very cautious as a bull if it breaks 8430. Currently there are opportunities for bottom-fishing bull positions, as we're in oversold territory on the hourly timeframe. The daily timeframe shows us there will need to be more consolidation in order for the RSI to cool off.

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This has been for educational purposes only and is not intended as financial advice.

Trade active:

15min hidden bullish divergence in ETHUSDT. Flags forming in market in general. ETHUSDT is my play of choice, BTC is forming the best bull flag.

BTCUSDT

Bottom-fishing: set your stop at the breakdown level of the flag upon a bull entry.
ETHUSDT a break of 626 would negate a bull move for now, increased bear volume rejecting the 38.2% Fib support would be a big red flag. Search in higher timeframes for new bear target on a breakdown.
ETHUSDT 588 looks like a strong 4h support

Trade active:

stop loss hit, lots of chop but I'm not going to fomo in, going to wait a bit on this one.

Comment:

BTC will find resistance here at the fib line, I expect other names to follow suit.