$BTC This looks bearish
Looking at the 4H timeframe, the uptrend has been invalidated.
So far, price has printed multiple lower highs and a lower low.
At this stage, this could still be a larger pullback, but from a pure market structure perspective, this looks like a bearish trend shift until the market tells us otherwise.
I’m currently staying flat because my HTF bias remains bullish.
Instead of looking for shorts, I would rather wait for this secondary downtrend to shift again and then look to catch the next move higher. #BTC Price Analysis# #Macro Insights#
Looking at the 4H timeframe, the uptrend has been invalidated.
So far, price has printed multiple lower highs and a lower low.
At this stage, this could still be a larger pullback, but from a pure market structure perspective, this looks like a bearish trend shift until the market tells us otherwise.
I’m currently staying flat because my HTF bias remains bullish.
Instead of looking for shorts, I would rather wait for this secondary downtrend to shift again and then look to catch the next move higher. #BTC Price Analysis# #Macro Insights#