BTC price action continues to adhere to it's bearish swing trend.
Although we have seen flatter swing trend than before, price action still passes through it's support level of 34,800; thus forming a lower low 4hourly swing pattern.
The retracement wasn't ideal as price did not retrace back to above 40,000; thus forming a lower high 4hourly swing pattern.
Trade setup observation:
Price is likely going to retest it's flatter swing trend. In the event of false breakout, short entry has an opportunity gain of 13%.
*Kindly note that these are my opinions and does not constitute as financial advice. Opinions can be wrong! Please seek professional advice before investing.