BITCOIN TF 4H
Currently bitcoin is still in the 37k-40k range. Bitcoin has so far formed a short-term bullish divergence (ST), but it was rejected and eventually formed a bearish divergence.
Bullish divergence ( If BITCOIN in the short term (4h) is able to break through $41,100-$41,250 ( fibo 0.382) , bitcoin has the potential to rise to $42,800 (fibo 0.23) and break back to 45k )
Bearish divergence ( If bitcoin fails to break the 0.382 fibo in the next few days, and instead falls from the 0.5 fibo, then the bitcoin has the potential to fall into the 0.78 fibo area ( $ 34,200- $ 36,500 )
That is all and thank you.
Bullish divergence ( If BITCOIN in the short term (4h) is able to break through $41,100-$41,250 ( fibo 0.382) , bitcoin has the potential to rise to $42,800 (fibo 0.23) and break back to 45k )
Bearish divergence ( If bitcoin fails to break the 0.382 fibo in the next few days, and instead falls from the 0.5 fibo, then the bitcoin has the potential to fall into the 0.78 fibo area ( $ 34,200- $ 36,500 )
That is all and thank you.
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