Looks like a solid retracement and a great bounce for $btc @ 7.8k
Here is the tricky part.
If the close is not above 8.4 or somewhere relatively close to it, then we might continue to go down.
If we close the day about 8.4 i can see 8.9 being the next major hurdle
on another note the trendline is still popping and holding but failure could mean a stronger retracement
and last but not least RSI4hr went slightly under 50 and came right back above (for the time being) showing resiliency for the bulls
Please do your DD! and Happy Trading.
I am not a financial advisor, please DD!
Here is the tricky part.
If the close is not above 8.4 or somewhere relatively close to it, then we might continue to go down.
If we close the day about 8.4 i can see 8.9 being the next major hurdle
on another note the trendline is still popping and holding but failure could mean a stronger retracement
and last but not least RSI4hr went slightly under 50 and came right back above (for the time being) showing resiliency for the bulls
Please do your DD! and Happy Trading.
I am not a financial advisor, please DD!
