On the 4h time frame bitcoin is definitely in a down trend.
But if we look at the 1h time frame we see a double bottom pattern
We see price break the resistance level and its probably going to boom up to the major resistance level
I wait for the retest and enter a long position on the 15min time frame.
Day traders and scalpers only
On the 4h time frame we see a down trend.
On the 1h time frame we see the recent S/R levels.
I enter a short position on the 15min time frame when price breaks the support level or tests the resistance level.