BTC MFI Technicals

5 มิ.ย. 2021

Here we have a 4h chart of BTC over the last week or so. What I'm looking at is the MFI divergence. MFI is a good indicator to confirm failed signals or reversals. We see bearish divergence here, which is a good indicator that we will see a downward breakout of the current consolidation period we have seen in BTC.
I hope this helps you decide for yourself what direction we will go.