This is an updated Idea from yesterday Bearish: 1)Reversal of uptrend from 0.618 Fib line at 45,409 2)Loss of Bullish Trend Line Bullish: 1)Golden Cross Formation of the EMA 50 over 200 New trend: Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend IF support isn't found look for a deeper pullback to previous support levels...
This Idea shows the bullish reversal of the BTC downtrend from ATH, significant sentiment to the upside showing buy support above 42.2k which is previous consolidation levels of significant support. Expect buyer exhaustion near 45-46k with a pullback to the uptrend.
The stochastic RSI on the 1d and 1hr chart are indicating a larger trend reversal, should expect BTC price action by Sunday near $30k or less