WILL THE BITCOIN BE BULLISH OR BEARISH IN THE NEXT 4 HOURS?
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1. In my previous analysis, we had anticipated the wick fill for the inverted hammer and we also anticipated that the next candles would be bullish.
2. We could also see 2 wick rejection to the downside which to me is also a sign of strong support. but price also showing gradual weakness to the upside losing its momentum - based on the previous H4 candle close.
3. However, I'd like the price to test our buy side liquidity. we need the price retest in order for it to go higher.
4. In the next H4 tf, I'm expecting the price to retest our previous high at 5.900 key level area
5. If the price breaks through that level rejecting the 50.900 area, I'd expect the price to go through our next key level at 52.000 - 52.500 range.
6. If the price shows a price rejection at 50.900 key area, I'd expect the price to dump to retest our buy side liquidity taking all the short position before making a bounce from that price 46.600 - 46.900 range.