$BTC 1H
Apparently, we will fulfill the first point from the previous review.
Why the first one, because there weren’t even 26300 yet?
My opinion is that the strength of the 26600 level is just an illusion at the moment. Yes, we are not allowed to fall and gain a foothold below, but we are also categorically not allowed above EMA-200 1h. Perhaps the sellers simply haven’t shown their full potential yet. In the meantime... hidden bearish divergence. Often, a similar situation on the chart indicates a potential update of the local minimum (26377.7 in our case). In this situation, the probability of reaching 26300 or even 25950 is quite high.
Actually, what else can I say? Growth to 27000+ can only be considered in case of successful consolidation above EMA-200 1h, but for now the picture looks short (by the way, I’m thinking about opening a short position)📉
Apparently, we will fulfill the first point from the previous review.
Why the first one, because there weren’t even 26300 yet?
My opinion is that the strength of the 26600 level is just an illusion at the moment. Yes, we are not allowed to fall and gain a foothold below, but we are also categorically not allowed above EMA-200 1h. Perhaps the sellers simply haven’t shown their full potential yet. In the meantime... hidden bearish divergence. Often, a similar situation on the chart indicates a potential update of the local minimum (26377.7 in our case). In this situation, the probability of reaching 26300 or even 25950 is quite high.
Actually, what else can I say? Growth to 27000+ can only be considered in case of successful consolidation above EMA-200 1h, but for now the picture looks short (by the way, I’m thinking about opening a short position)📉