#BTC currently we have not formed a bearisch divergence on the 4 hour chart but the new recent lows have held a higher rsi then the previous low. Heres is one of the roadmaps this could take to form a last high holding a lower RSI to get some warning signals shoing up.
In a downtrend, beginners watch the price for a bottom. Experienced traders watch for panic.
A market that is not fearful enough has not finished its move.
Without extreme fear to fuel a reversal, the eventual bottom will only be more painful.
Allein auf Binance liegt aktuell 120x mehr kumulatives Short als Long-Liquidation Leverage.😳
Heißt: Wenn sich der Markt zu stark auf einer Seite positioniert, steigt die Chance auf einen kurzfristigen Squeeze in die Gegenrichtung.
This right here might be our news where retail jumps back in on the top of this correction set one more high around 85k and thats it till october it tops on positive narative allot....
BTC: Bitcoin still appears to be in a larger corrective B-wave rally following the February low. The current recovery remains corrective in nature, with no confirmed impulsive breakout visible at this stage.
Leading Scenario: As long as the rally from the February low remains a 3-wave advance, the preferred interpretation remains that another larger C-wave decline could eventually follow. Current Fibonacci projections still allow for downside targets toward the $39K region over time.
Risk Scenario: The main bullish alternative remains the orange scenario, although the market would still need to develop a much stronger impulsive structure for that outlook to gain probability.
Key Support Levels: $56K / $44K / $39K
Bottom Line: Bitcoin still appears to be in a larger corrective rally, although the broader structure continues to favor caution until a confirmed impulsive breakout develops.
$BTC
Bitcoin is trying to find support but so far I am not confident that wave (2) has bottomed. We might see further downside as per the blue scenario in the coming sessions. $76,527 is key support for the 1-2 setup to the upside.
Theres is also lots of liquidity right below the last low and so far we have not formed an impulse to the upside yet the bouce seems to be cporective so far.
#BTC currently we have not formed a bearisch divergence on the 4 hour chart but the new recent lows have held a higher rsi then the previous low. Heres is one of the roadmaps this could take to form a last high holding a lower RSI to get some warning signals shoing up.