Bitcoin Short-Term, Aims Below $100,000 (Alert!)

Good morning my fellow Cryptocurrency trader, overall, the market looks great.

The market looks great but never forget that nothing is set in stone, market conditions can always change.

Let's consider Bitcoin for once on the short-term timeframe.
The long-term timeframes are good to spot the bigger cycle; the smaller timeframes are good to know what will happen next.

—Bitcoin 4H TF (Short-term)

Bitcoin hit a new all-time high and was followed by a strong bearish volume session. The action went on to move below a strong resistance zone, the ath range.

Now Bitcoin is trading below "local resistance" and this opens up a bearish bias short-term. When it moves back above $110,000, we can say the bulls are back in. When it trades below $106,000, we can say bearish confirmed.

Here we can see Bitcoin bearish while aiming lower.
If it continues dropping, 100K won't be the end. Either it recovers now, or else we will see a test of the low 90Ks.

Leave a comment if you agree.
Follow if you disagree.

Thank you for reading.

Namaste.