BTC Thoughts
Bitcoin / TetherUS BINANCE:BTCUSDT
Just spent the last hour redoing and analyzing the Bitcoin chart (most of my previous levels and price targets remain the same).
8 – 24 hour time frames are heavily oversold (I think there will be a short term bounce before we get a massive drop in price because the weekly timeframe looks topped out).
4 hour time frame is also exhausted and looks like it needs to come down for one last sweep of my “short term buy zone” before we continue up for a bit and play into the oversold 8 – 24 hour timeframes.
We also seem to be playing within the daily moving avg so I don’t expect it to fall through that buy zone immediately.
