#BTCUSDT 3H Chart
Bitcoin / TetherUS BINANCE:BTCUSDT
Price tested the 2h demand zone at 35.3k where it got heavily rejected from after dropping heavily. MACD is now showing bearish weakness, we have a huge bullish divergence on RSI indicating some incoming bullish movements and EMAs are turning bearish . We still don’t have much confirmation for bullish movements but overall price needs to fill the huge imbalance between 38.3k and 39.3k. We will look for long opportunities once we get low timeframe confirmation aiming towards the 3h supply at 39.4k where we would be waiting for price’s reaction.
