BTC continues to tighten in the daily equilibrium as both bulls and bears remain patient.
With a bull break we look to $7k and the weekly lower high of $7,400. With a bear break $6,000 should be tested.
We are looking for a break either today or tomorrow and this morning the bears are starting with a bit of momentum.
Multiple tops on the 4 hour show a rejection from resistance at $6,640 which led to the shift in momentum.
If we break the daily EQ bearish we will lose the higher lows on the daily which will result in a new weekly lower high being set.
Every day that goes by we get closer to the weekly pattern breaking, and now is the time to be paying very close attention because all the action can come out of nowhere one day.
With a bull break we look to $7k and the weekly lower high of $7,400. With a bear break $6,000 should be tested.
We are looking for a break either today or tomorrow and this morning the bears are starting with a bit of momentum.
Multiple tops on the 4 hour show a rejection from resistance at $6,640 which led to the shift in momentum.
If we break the daily EQ bearish we will lose the higher lows on the daily which will result in a new weekly lower high being set.
Every day that goes by we get closer to the weekly pattern breaking, and now is the time to be paying very close attention because all the action can come out of nowhere one day.
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