📌 - Bitcoin Analysis

4H Timeframe

Bitcoin turns out to be more weak than i thought, with price already forming a lower low without the retest back to it's resistance zone.

Now, we should see a technical rebound, which is the result of a super oversold price action.

However, the path after remains bearish. I won't be surprised to see the white bearish trendline get broken through, just to head lower again afterwards.

$BTC