Hi,
BTC has formed a lower high on the 4H, at 36000. I think it can still go to 39000-40000 from here,
But, BTC price need to stay above 32600 (last Low on the 4H).
If it will drop bellow 32600, this will cancel the bullish case for me.
And it will be more likely that BTC go down to ~30000-29000 again.
One of the think I see, for the bearich case, is that the CME chart for BTC look like more bearish, than the Spot price, like on Binance, or Coinbase.
Regards
BTC has formed a lower high on the 4H, at 36000. I think it can still go to 39000-40000 from here,
But, BTC price need to stay above 32600 (last Low on the 4H).
If it will drop bellow 32600, this will cancel the bullish case for me.
And it will be more likely that BTC go down to ~30000-29000 again.
One of the think I see, for the bearich case, is that the CME chart for BTC look like more bearish, than the Spot price, like on Binance, or Coinbase.
Regards
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Disclaimer
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.