BTC still in downtrend, but since couple days we can see forming falling wedge. In theory it’s bullish formation, but in downtrend it’s statistic accuracy might be little bit worse than usually. On the other hand in D1 interval currently we are on horizontal support approx $8350 and its worth to add that last 2 candles were NOT bearish candles. Very similar wicks from both sides and small body is called „indecision candle”. In downtrend it can means that no-one wants to sell Bitcoin further trend can revers for bullish.
Changing trend might occur only when Bitcoin will close candle over $9600, but we have long road there.
Changing trend might occur only when Bitcoin will close candle over $9600, but we have long road there.
Sentiment is still bearish. That’s for sure