BTC USD

The 4 hourly chart on BTC is very bearish. BTC could not hold the support at $34,000 and we saw a sell off towards the lower support of $31,000. This area also corresponds to the trend line support area. BTC has to close multiple 4 hourly candles above this green support zone of $31,000 and quickly reclaim $34,000 and flip it to support. If not, this could pan out to be a head and shoulder with the right shoulder forming at $34,000 and we could start seeing a move towards $29,100, $26,300 and $24,100.