Everyone is looking feverishly for a bullish pattern. The MACD above 0 is the only break in this fractal continuation pattern so far. If price doesn't assertively move to the upside, or break the fractal pattern, I'm not convinced we are out of the woods yet. BTCUSD is still in for a downtrend if this pattern holds. Target remains 720 for the bounce while we watch closely for a breakout signal.
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An assertive MACD bullish-crossover might be an encouraging signal. Volume is also higher, but still trending down on 4H