BTC Update!
Just a quick update jumping off Saturdays chart.
Daily we had established a higher low at $7787 and since then we have topped a few times around $8290. This is the primary range I am watching currently.
Bulls fighting hard to hold a prior 4 hour higher low at $8065 but it is close to failing and would expect we could flush under $8k if bulls lose that level. If so, would be watching for another higher low on daily (higher than $7787). And would just tighten up our range for an equilibrium pattern.
4 Hour - you can scalp these quick $100 or so moves we continue seeing but it's certainly tough. I am focused more on daily chart personally at this time and ignoring the quick moves up and down within the range.
I still believe this is mostly tied to ETF potential and is the only reason BTC is not bottoming like so many alt coins are. Overall crypto space is struggling badly and a denial of ETF could deflate the space quickly.
Just My 2 Sats!
