🐳 $BTC 4-hour death cross. A few thoughts from a position holder’s perspective:
The bullish momentum histogram lasted for 8 four-hour candles, showing that bulls dominated throughout this period. Now buying pressure is starting to fade. The crossover is below the zero line, and the price weakened again before the rebound could take shape, so be careful if you’re trying to catch the bottom.
Let’s keep an eye on what happens next.
#BTC
The bullish momentum histogram lasted for 8 four-hour candles, showing that bulls dominated throughout this period. Now buying pressure is starting to fade. The crossover is below the zero line, and the price weakened again before the rebound could take shape, so be careful if you’re trying to catch the bottom.
Let’s keep an eye on what happens next.
#BTC