BTC 1hour

The price has moved a lot, and in the last 2 days we have had a micro downtrend on lower timeframes, reaching a new fractal zone of the price between 23915 - 24250.

The RSI has reached oversold levels on the 1H chart, and the current price is below the 21- and 42-period Moving Averages.

At the moment it is a good price level for a new upturn, but it is not confirmed and it is still a bias.

We must prepare for all scenarios, and this is a good period to find the direction of the market and anticipate movements, according to each setup trade.
Fundamental Analysis

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