The BTC most likely 4h scenario is currently playing out. Please recall the first 4h push up is more likely to print a lower high vs the prior 4h high at 45K. The first baby step for the Bulls on the micro 10m time frame is turning the 10m 200 EMA into support on a pullback.
Most likely scenario on the 3D is different. We are anticipating the 3D tightening of a trading range. All BTC 3D lows have been 88.6% retracement realizations. Thus, if price pushes up on the 4h and prints a 4h lower high then breaks to 4h lower lows we would be looking for a macro time frame hold at around 35.6K. A loss of the prior 3D higher low at 34.3K would increase the chance of BTC breaking to monthly lower lows below 32.9K.
Day traders keep in mind today’s bullish price action is simply a mid-term time frame oversold bounce more likely to print a 4h lower high. Relevant 200 EMA dynamic resistance on many ALT Coins is the 10-15m. These micro time frame dynamic resistance levels need to flip to support for micro time frame bullish confirmation.
Everyone needs to keep in mind trading with the trend remains shorting. Most of these assets are below the 4h 200 EMA and/or in daily down trends. I am keeping a swing daily long eye on DOT, ENS, LTC, and SOL.
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