Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800.
MACD so far doing great in daily chart
although in 4 hour chart sighted a bearish divergence between price and MACD
short term i expect a pull back and its possible consolidate a while before it will start the impulse movement to upside starting by breaching 200 EMA (5800satoshi) in 4 hour timeframe.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section. peace.