#BTCUSDT 4H Chart
Bitcoin / TetherUS BINANCE:BTCUSDT
Price previously dropped and left a 4h supply zone around 30.1k on its way down with a FVG (fair value gap) around 29.8k however it respected the 2h demand zone perfectly as said in yesterday’s analysis as the previous low wasn’t broken. MACD is not clear, RSI is neutral and EMAs are bearish . Price now needs to break through the 4h supply zone and close above 30.8k for midterm bullish confirmation else we will see a continuation of the overall downtrend from there.
