BTC Short Term Idea

24 במאי 2021

In the 4 hour timeframe all indicators show price weakness. For now btc has broken down from the previous support level and a candle close after a candle wick rejection will validate a support now flipping into resistance. This further confirms the price will remain in the descending channel. The monthly CPR support level will prove to be a good place to enter the market since price has had a significant bounce from that level