BTC had bounced off daily and 4 hour support holding the higher lows last night,
But after rejecting from $10,900 we are down to lower lows and broke support by a small amount.
As long as hourly lower highs and lower lows continue, the bears control the trend of consolidation.
We will be looking for a daily higher low to have formed once the hourly shifts back to higher lows and higher highs again.
Keeping an eye on hourly RSI levels for oversold bounce attempts, until the trend changes.
Bears should be all over a break of $10,000 for a flush if/when it occurs, depending on short term RSI levels when it occurs.
Show patience and let the trade set up you are looking for come to you.
But after rejecting from $10,900 we are down to lower lows and broke support by a small amount.
As long as hourly lower highs and lower lows continue, the bears control the trend of consolidation.
We will be looking for a daily higher low to have formed once the hourly shifts back to higher lows and higher highs again.
Keeping an eye on hourly RSI levels for oversold bounce attempts, until the trend changes.
Bears should be all over a break of $10,000 for a flush if/when it occurs, depending on short term RSI levels when it occurs.
Show patience and let the trade set up you are looking for come to you.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social