$BTC | #Bitcoin - 4H Crypto Trade Setup Update ● Current Status: BTC rejects off point of control
7 months ago
11
$BTC | #Bitcoin - 4H Crypto Trade Setup Update
● Current Status: BTC rejects off the point of control of the range, with moving averages poised to cross bullish and holding the 200 MA as support.
● Technical Indicators: Despite the bullish signals, falling momentum, rising money flow, falling VWAP, and falling RSI suggest bearish sentiment.
● Outlook: Traders should exercise caution and monitor for potential bearish signals, considering the conflicting indicators from the support at the 200 MA and the bearish sentiment suggested by the other technical indicators.
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