Bitcoin looks ready for a dump. We’ve now seen continued selling pressure through the last several hours
support of the 50 MA broken at 10,900 Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum
Nota
The 4 hour 200 MA holding as support for the time being. Bullish div on 4/1hr with lower timeframes cooking off
Market cypher readings show oversold in many timeframes. A hold at this level could initiate a fresh batch of fomo before a continuation dump. Be safe out there, wear protection.
Nota
ETH dominance has been climbing the last few hours, price action has yet to follow. Would be interesting if ETH diverged from bitcoin price action or led the next wave
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