BTC has been respecting the 4H for a bit. Maybe we see something like this play out over the next 1-2 months. Bull 5-8 months after halving is my guess. But remember, just as quickly as it recently crossed the 4H 200 EMA, crypto can do full 180s as we all know. Should be exciting as always :)
I like this chart. It has a Fib Retracement drawing. I dk, maybe like 3-5 months of more pain. Halvening is coming up. It won't have that much of an effect on price, will it? Short term bearish. Long term bullish.
I don't see how the 200EMA is useful with Bitcoin. It's honestly the worst indicator you could possibly use when trading crypto. Sure, it's helpful with day trading the stock market at times, but this ain't the legacy markets.