$BTCUSD BTC NEEDS A RETRACE TO FIND NEW MONEY AT THE 200MA
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It is no big deal for BTC to reset a little. RSI is high and CMF is showing tiredness. For new money to come in investors need to get a better entry price and we believe that will be around $4600 as the 200ma acting as support. If the bear market is over the bull market will take time to rise, which will make for a much healthier and stable trading environment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.