M pattern forming (with 3 trendline rejections, the 3rd currently rejecting) Parabolic run up while the rest of the market was either ranging or moving up slowly Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire Nearing the end of the week/month Its currently the weekend where we usually see a correction of the weeks bullish movement 2 strong rejections of the $14.50-$15.00 supply zone on 23rd and 24th March BTC is currently still in a range between $50-55k (current price is 54K) Daily/3D/W RSI still in heavy overbought territory at 70 and above
Not
price is currently hovering just below the trendline on the 4hr meaning we still havent seen a trendline rejection here yet and the M pattern has not fully formed. Will need a rejection from here first If we see a break of this trendline then we will look to long
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