BTC's movement for today is bear biased due to strong bearish pressure, overbought RSI at H4, and opening of the H4 MACD. Also, it is good to take note that the pump of BTC recently is mainly due to war tensions. Removing war sentiments will cause BTC to go downtrend, maybe faster than the pump. I am not saying that these are final for there is another scenario, as can be seen in the chart.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Keep it easy, keep it simple. Too much analysis is paralysis. Have a good risk reward ratio. Don't bet the whole farm!
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.
Thick yellow lines - end of range
Thin yellow lines - minor resistances
Purple arrows - possible movement/scenarios today
Red and green arrows - possible directional movements
Keep it easy, keep it simple. Too much analysis is paralysis. Have a good risk reward ratio. Don't bet the whole farm!
Be wary of false breaks! Trading is RISKY, always put stop losses.
TRADING IS REACTIVE, NOT PREDICTIVE.