Daily chart: bitcoin maintains a downward trend, and sellers-medium-term pressure in the direction of the lower Bollinger band (3439.79)
H4: strong local resistance in the middle Bollinger band (4009.45) is able to send the market into a new decline to 3520.07.
H1: within the day the bulls have support in the area of 3862.87 (the middle Bollinger band), which allows us to consider short-term purchases to 4077.39 (the upper band).
In the event that sellers sell support 3862.87, there will be prerequisites for a new wave of decline in the direction of 3642.20 (see red arrow).
Expectations: the Main scenario is an increase to 4077.39 and then a new decline to 3862.87.
An alternative scenario is a decline to 3642.40
Trading decision:
