Not much to update on the BTC front from yesterday, another potential 4 hour equilibrium as the bulls still look for the daily higher low to be found. Currently setting up as the possibility of a daily inside bar forming. If we get a bear break, the bulls will have to buy the dip quickly to not lose daily EMA12 support. With a bull break we will set targets for a daily lower high in the upper $9,000s.
If making entries down here as a bull I would personally look to have a % or two of space below support before having a stop set as it would not be surprising to see 1 more push down before that daily higher low is found.
Remaining patient and expecting a volume and volatility spike within the next 24 hours.
If making entries down here as a bull I would personally look to have a % or two of space below support before having a stop set as it would not be surprising to see 1 more push down before that daily higher low is found.
Remaining patient and expecting a volume and volatility spike within the next 24 hours.
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