BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
#technical_analysis #BTC time frame #4H
First scenario that was introduced based on driver, seems to be correct and second decreasing lag has been completed.
▪️Note that CME has been closed at 9200, therefore there will be a gap in the chart after Monday that will be filled.
▪️It is expected that after a stagnation around 8900, the price will decrease to 8500-8600 and a price floor will be created.
▪️Range 8500-8600 is the intersection region of price level and floor of decreasing channel which will be very important and determinative and according to an intense divergence from the region, a return to 9300 is expected when CME gap will be filled in this movement.

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Comments

appreciate your effort. nice chart and overview. thank you.
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