Here's what we can expect next for Bitcoin

Hey folks,

The aim of this analysis is to provide you a daily snapshot of what has happened from a price action perspective. (storytelling of buyer/seller sentiment)
From that perspective, I will also share my opinion on what can happen next and what to lookout for.

I will be uploading a video rundown of my analysis on YouTube (link below). Do check it out for more detailed insights.

In short summary:

• Daily price action remains above 0.5 FIB Retracement level, while consolidating sideway. Over time, this can slowly turn into a bullish spring that results to steep climb towards 50000.
  
• However when I reviewed micro price action (hourly timeframe), it seems that intraday market sentiment (retail) remains bearish .
  
• Hourly Order Block can be observed at 48400 level, but wasn't able to clear off all sell orders, resulting to supply>demand and dip in price.
  
• Considering all factors, I have plotted sensitive zone at 46500~47100. This is an area of confluence with higher probability of successful rebound. We should keep a close tab on how buyers & sellers will act at this level.
  

Stay safe and invest wisely my friends!
**Please note that this is my personal opinion and does not constitute as financial advice.