Mid-Term: Neutral
Short-Term: Neutral
--------------------
The sentiment is currently tilting towards the negative, as bears expect to visit way lower levels before any bounce but as we said the scenario is not in play yet, after the previous bounce from $36,400 one of the clearest bullish advantages on lower time frames.
If we do see a break and close on higher time frames above $40,000, we can expect sentiment to ride along.
Short-Term: Neutral
--------------------
The sentiment is currently tilting towards the negative, as bears expect to visit way lower levels before any bounce but as we said the scenario is not in play yet, after the previous bounce from $36,400 one of the clearest bullish advantages on lower time frames.
If we do see a break and close on higher time frames above $40,000, we can expect sentiment to ride along.
