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XBTUSD Bullish and bearish scenarios, what to look for

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Looking at the 1H chart currently:

Bullish signs:

Retrace into optimal fib zone for now
Some local higher lows

Clean break above 4040 would add bullishness

Bearish signs:

Struggling to stay above that white level which is also 0.5 of the range we're in right now
Made a swing failure which indicates a stop run was made for shorts

Clean break below 3730 (last low) would add bearishness.

Overall I'm leaning bearish for now, but we'll have to see a break on either side to decide further action.

Trade wisely.
Not
Bearish development.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.