BTCUSD-Bitcoin vs US Dollar
, 4 hours
short
#Technical
#Consolidation
Resistance 1 | 26800 |
---|---|
Quote Price | 25756 |
Support 1 | 25231 |
On the 4 hour chart, we can see that the buyers had a good support zone around the 26800 level where there was also the 61.8% Fibonacci retracement level but the price fell through it like nothing confirming the bearish bias. We are now in a consolidation after two weeks of high volatility, but these are generally just rests before the big moves.
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