On 8H chart, the lines have started to move into the bearish half.
We will soon check to see how this divergence works out.
But I am taking a short position on some alts. As they will fall harder.
Maybe this really is the last fall before the rise for now.
But there is intrigue as to where it will stop.
I am not conclusively convinced that 54K is a full stop....
Macro support zones come from the WEEKLY chart
Three outlooks for the BTC daily chart!
Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone.
Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile.
This appears to be the logical observation, so I have labelled...
