Hi everyone BTC is looking like it wants to retest the lows by looking at the 4h.
The crypto trend indicator and the stochastic with a sharp negative slope looks quite bearish to me.
I think if it closes below 19850 there is a big chance of it retesting the lows before a bounce back up to 28000.
Overall - It could have a little bounce by looking at the 1h with the stochastic crossing up and hitting a little bit of support on the 1h but longer term is looking bearish.
Let me know your thoughts in the comments and like my idea!
The crypto trend indicator and the stochastic with a sharp negative slope looks quite bearish to me.
I think if it closes below 19850 there is a big chance of it retesting the lows before a bounce back up to 28000.
Overall - It could have a little bounce by looking at the 1h with the stochastic crossing up and hitting a little bit of support on the 1h but longer term is looking bearish.
Let me know your thoughts in the comments and like my idea!