BTCUSD - 4h - Reversal from the previous drop?

Not a financial advisor

At the moment, this drop seems not to have much follow throw.

1)Previous 2 candles lower wicks.
2)Support holding.
3)Momentum change

This consolidation might be interesting for Alts....just saying!!

코멘트:

Short update...
on the previous chart the Lower trendline was considering wicks!
just considering candle closes:

코멘트:

On the daily it is clearer that support is holding:

코멘트:

Not sure if it is possible to do TA on BTC.D...
But to backup my idea that Alts might recover some dominance
RSI bearish divergence on the 4H can be seen:

코멘트:

DXY is not helping....

코멘트:

DXY is about to break upward the downslopping channel...
Even considering the huge upper wick, it needs make a lower high, somewhere below 93.8...for DXY to remain bearish.
The next days will confirm if the bearish trend remains for DXY.

Is it possible the DXY and BTC moving in the same direction? Possible, but not for a long period of time...

코멘트:

Further down expected...
If more confirmations are required, do wait for some candle closes!
RSI is at support and Stoch RSI might be turning higher.
=> Therefore I am still waiting for higher prices...

But price action didn't even reach 0.38 Fib retracement. => short term weakness.

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