BTC Bulls have had some momentum the last few days, but is currently seeing a bearish reversal daily candle.
If the 4 hour uptrend is lost, we will look for a daily higher low to form.
The current 4 hour consolidation is healthy so we are not likely to lose the uptrend over the next 12 hours.
I will be interested in the bulls if we can see a break of daily lower highs.
If the lower high pattern remains, the bears keep control.
Changing the daily trend will begin to make the weekly chart interesting.
$6,823 is the level for the weekly downtrend to break in my opinion, and for the space to get exciting for bulls again.
If the 4 hour uptrend is lost, we will look for a daily higher low to form.
The current 4 hour consolidation is healthy so we are not likely to lose the uptrend over the next 12 hours.
I will be interested in the bulls if we can see a break of daily lower highs.
If the lower high pattern remains, the bears keep control.
Changing the daily trend will begin to make the weekly chart interesting.
$6,823 is the level for the weekly downtrend to break in my opinion, and for the space to get exciting for bulls again.
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