For short term ; Support : 10400 USD & 10000 USD ||| Resistance : 10800 USD and 11000 USD.
On 4 hour chart, BTCUSD is seems consolidate in between the short term fibonacci line(green) as it's current trend is not decided yet. IF the price regain back above the previous broken trendline (green no 1 trendline) is consider a very bullish sign for BTCUSD. Conversely, rejected from that level is consider normal as 10800 - 11000 would be a hard resistance to break as long the price action keep made a higher low is still considered bullish for a while.
Indicator still not ready to decide which way it would go.
- ADP : Still hover around the bullish zone which a good bullish trend for now.
- MACD : macd buy histogram is decrease but it's seem wont let it switch toward seller histogram as it's ready for another second attempt for bullish price action. MACD line still on neutral zone.
- DMI : It's closing with each of them and the trend not quite decide for now.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.