Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin on the 4 hour in a downtrend, has regained the 10 SMA but held below the 21 EMA using it as resistance. Downtrend slope is much more aggressively slopped than the uptrend, indicating the selling pressure is intensifying. Downwards slope aligns with the 12 hour 10 SMA and 21 EMA, indicating it will be strong resistance.
4 hour stochastic crossing up and out of the critical zone
RSI above the EMA and out of bear control zone, no divergence present.