For the first time since the end of May, BTC has fallen below $9000 with a low point reached at $8910


BTC closed below its $9250-$9380 liquidity zone, confirming bearish sentiment.

The daily technical situation remains bearish with the WaveTrend and MACD pointing down. On a shorter time horizon, within 4 hours, the indicators are also bearish. But in their oversold zone with signs of bullish curves.

? Trend follower?

Negative on the 1h and 4h horizon and positive on the daily.

? What to do?

BTC closed below its liquidity zone on the 4h horizon. Now is necessary for prices to remain below this level for a while before retracing. If this is the case, we will probably open a short position around 9400. We will keep you updated!

Bitcoin Analysis

About Author

Leave A Reply