Price needs to get back into the daily cloud to continue bullish momentum. Rejection of the cloud can immediately turn sentiment bearish making this a relief rally.
There's bullish divergence on the RSI/MACD/MFI and BTC is extremely oversold so I wouldn't recommend shorting here. Higher probability of upside. Price can go either way; watch the next daily.
Good luck.
There's bullish divergence on the RSI/MACD/MFI and BTC is extremely oversold so I wouldn't recommend shorting here. Higher probability of upside. Price can go either way; watch the next daily.
Good luck.