BTC area of interest, short term trend change?

BTC area of interest, short term trend change?

Just a thought…

as I’ve pointed out I am bearish 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.