So far only an initial reaction to Binance getting hacked for $40 Million.
Bulls did not even lose the 4 hour uptrend on the bearish reaction.
This speaks considerable amounts as to the resilient strength of the bulls in this market.
We are looking for a 4 hour lower high to be set on this bounce, and for a tightening range to form most of the day.
A bear break would likely put the daily uptrend at risk as well.
A bull break would have us looking back to $6,000.
At this point we are still scouting for the 4 hour lower high to be set, which is not convincing..
Bulls did not even lose the 4 hour uptrend on the bearish reaction.
This speaks considerable amounts as to the resilient strength of the bulls in this market.
We are looking for a 4 hour lower high to be set on this bounce, and for a tightening range to form most of the day.
A bear break would likely put the daily uptrend at risk as well.
A bull break would have us looking back to $6,000.
At this point we are still scouting for the 4 hour lower high to be set, which is not convincing..
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