BTC All about 4H EMA 12 Resistance Today

After constant rejections for over a week, we are bouncing and back to testing EMA resistance which has kept the price contained. There is a lot of fear in the crypto social media space, but I have to be honest I dont really feel much of it personally. This is due of course to being mostly cash and protective while we try and find a monthly higher low, but I am confident in that monthly higher low coming eventually.
If you want to see me roll over and be a full on technical bear, give me a monthly higher low, bounce for 2 months to a lower high, then drop down and break that bounce support.

For now I am playing the bounce and scaling in for daily oversold conditions. I have been cautious and picky with my orders, keeping them low and spacing them out with multiple % in between each order. Last night I was filled at $6,555 for one of those positions and because it was a good fill I will probably sit on it and see if bulls can change the hourly trend this morning with a higher low and higher high.

As always, some alt coins will drop harder and bounce harder with bigger % gains than BTC so diversifying between a couple coins is not a bad idea.

If I were bearish at this point I would be waiting for a daily lower high to re-enter positions. The last thing a bear wants to do is get greedy down here with daily RSI so close to hitting the teens.