Continuing intraday forecasts. On November 4, Bitcoin exited the trading channel, breaking through the upper border of 9400 USD and promptly corrected back.
At the moment, the distribution of TF is as follows: 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 - flat
As I wrote earlier, starting from the level of 9541.54 USD - the seller's area (red square), therefore, continued growth after such a quick impulse requires preparation.
The most likely scenario for today is the continuation of consolidation within the trading range of the previous day - 9100 - 9500 with a probable re-impulse up (see green arrows)
A sharp correction is observed within the day, which can last up to 9085 USD within the current day (see red arrows)
Bearish scenario cancellation level - 9330 USD Today's top trading range is 9583USD The lower trading range for today is 9085USD
Therefore, the current priority scenario is a flat within the corridor 9100 - 9500
Good luck to everyone and good profits! Respectfully, Michael @Hyipov