$BTC 🚨 BITCOIN 4H: Rejection at the POC (Point of Control) of Volume. Will Asia seek new lows? 📊
The close of the American session and the Asian open have left us with a very clear technical reading on the current selling pressure.
Chart Breakdown (BTC/FDUSD):
1. Volume Profile Failure: The volume profile indicator on the right side of the chart shows a clear high-density node (High Volume Node) near $77,500. Today's attempt to pump hit this order block directly, resulting in an immediate rejection.
2. Price Action (4H): The developing candlestick is a solid and extended bearish bar that has just negated the previous consolidation, dragging the price back to the $76,700 zone.
3. Oscillators: The RSI has lost the neutral line at 50 and is currently at 46.58, with a negative slope suggesting that sellers have control of the immediate momentum.
💡 Outlook: The macro throwback continues. There is no confirmation of a bullish reversal in the short term as long as the price fails to recover and consolidate above the $77,500 node. Patience on entries.
Do you think Asia will tank the price this morning or will it hold the support? 👇
#BinanceSquare #Bitcoin #VolumeProfile #TradingInstitucional #Analisis4H