Just a thought…
as I’ve pointed out I am on BTC short/mid term.
Here on the one hour chart I’ve highlighted an area where we see long wicks on both sides of the candles. Too me that indicates at least a short term trend change. Obviously the asset is on a mid-term down trend since reaching all time high.
In this case I am seeing very weak buying hours especially the last few hours that hardly move the price from open to close.
BTC has found a local low and come back up a bit.
I am leaning towards this trend change taking BTC to a new short term local low.
I am not making any trades based on this information I am keeping the trades I have.
Still need to think this one out and collaborate to see what others think.