Market Structure is broken on the 1 hr and 4 hr (swing lows have been violated).
Price may sweep up to acquire some liquidity before sending it lower.
Not expecting a large move but movement to the downside is expected.
Doge BTC is at a 0.618 retracement zone, order books are stacked with lots of support at these regions.
Best case scenario is a surge in volume at these levels (38-40) with price closing above short term highs.
Would be very wary if price revisited 29 sats again.
Also, Bitcoin Dominance chart looks weak, with more money flowing into the alt coins. BTC itself is...
Looks like the bulls ran out of steam.
A close above 52 is uber bullish and would expect a pump similar to the pumps of ole'.
Making lower lows, volume dropping off.
Either we see capitulation from the bulls and this pump is cancelled,
OR we see the bulls step back in at a discount. Watching volume very closely when price returns to 38-40 sats.