BTC 1hour
The price has moved a lot, and in the last 2 days we have had a micro downtrend on lower timeframes, reaching a new fractal zone of the price between 23915 - 24250.
The RSI has reached oversold levels on the 1H chart, and the current price is below the 21- and 42-period Moving Averages.
At the moment it is a good price level for a new upturn, but it is not confirmed and it is still a bias.
We must prepare for all scenarios, and this is a good period to find the direction of the market and anticipate movements, according to each setup trade.
The RSI has reached oversold levels on the 1H chart, and the current price is below the 21- and 42-period Moving Averages.
At the moment it is a good price level for a new upturn, but it is not confirmed and it is still a bias.
We must prepare for all scenarios, and this is a good period to find the direction of the market and anticipate movements, according to each setup trade.
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