BTC Clear 4H Downtrend
After a V-shaped recovery bounce yesterday, we saw no follow through from bulls and just slowly faded back to the low of consolidation. Congrats to those not acting on FOMO, as even the top of the bounce was just a 4H lower high vs. $9,575. We are still waiting for a daily higher low to be set, and we will not be confident in it until we see a 4H trend change back to the bulls.
Keep an eye on the BTC.D dominance chart, as we may see daily higher lows form on both at the same time. Bulls are remaining patient and eyeing the daily EMA supports that are catching up. Breaks have stops in place and are using the 4H lower highs as a guide.
Keep an eye on the BTC.D dominance chart, as we may see daily higher lows form on both at the same time. Bulls are remaining patient and eyeing the daily EMA supports that are catching up. Breaks have stops in place and are using the 4H lower highs as a guide.
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