BTC/USDT (4H) Current Situation
The whole picture looks weak and everything tells us that the price should go lower to 7200 level at least. Over there we gonna have dynamic support and also the lower border of our falling channel. And from that level, a bounce-back would look logical. But the only thing that I don't like here and what makes me suspicious is that the picture is so clear and every single trader sees that. And I think that market maker is preparing a surprise for us, which we are gonna see soon. Keep your stop losses active and be ready for any outcome. I don't exclude the chance that we can grow from the current price. The price will form a double bottom, bullish divergence on RSI and go up. I am in position and just keep my stop loss active in case we will go to 7200. Well, zones of interest and targets are on the chart. Good luck everyone!
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.