#BTCUSDT 4H Chart
Bitcoin / TetherUS BINANCE:BTCUSDT
Price moved as expected and filled the huge imbalance at 39k and it is currently mitigating the 2h demand zone . MACD is showing bearish weakness, RSI is oversold and EMAs are bearish . I am expecting to see a bounce from that area however we don’t have any low timeframe confirmation yet so i am still waiting for the perfect time to look for long positions in the market. If price breaks below this demand zone then we would expect it back at the 3h demand at 34k before a potential bullish reversal.
