BTCUSD

By Daniel Mcfoi

BTCUSD-Bitcoin vs US Dollar

, 4 hours

short

#Technical

#Consolidation

Range

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.