$BTR is finally forming a red candle after that massive two-day move.
However, the current market structure still looks more like a bullish consolidation or bull flag than a confirmed reversal.
Lower timeframes are showing short-term exhaustion, but the bigger trend remains intact as long as $0.152 – $0.141 holds as demand.
I’d be cautious shorting here, as price could sweep the lows and expand higher. If you’re shorting, keep your stops tight.
Invalidation: A sustained 4H close below $0.1411 with increased selling volume would shift my bias bearish, opening a short setup targeting $0.118 first, with an extended target toward the $0.048 – $0.0268 price levels.
However, the current market structure still looks more like a bullish consolidation or bull flag than a confirmed reversal.
Lower timeframes are showing short-term exhaustion, but the bigger trend remains intact as long as $0.152 – $0.141 holds as demand.
I’d be cautious shorting here, as price could sweep the lows and expand higher. If you’re shorting, keep your stops tight.
Invalidation: A sustained 4H close below $0.1411 with increased selling volume would shift my bias bearish, opening a short setup targeting $0.118 first, with an extended target toward the $0.048 – $0.0268 price levels.
