PolarHusk

BTC/USD (4H Downtrend? Expect a minor bounce?)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD

-two times rejection at the previous support area
-now flipped into a new resistance zone
-as the price dropped, it reacted immediate only 200ma
-a confirmed new downward trendline of resistance
-technically, we are on a 4H downtrend
-and bigger equilibrium with a price range of almost 20% move
-if you are a Bull, a break of trendline resist
-and closed above 9300 is a new start again
-Bearish side if the green support fail
-and confirmed new resistance, signals short position
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