Zooming out a little on Bitcoin. The 2D uptrend is still intact and with a bullish candle looking to form in the EMA zone. Indicators also converging upwards.
Technically the 1D uptrend is still intact too although things look a little less clear from there down. Sentiment has also slipped very slightly into fear with 44 on the Greed and Fear Index.
We should wait and see what this candle does over the rest of the day for more clarity. I'm still bias bull especially with the upcoming halving and BTC's erratic mood lately. Probably best to stay out of the way.
Technically the 1D uptrend is still intact too although things look a little less clear from there down. Sentiment has also slipped very slightly into fear with 44 on the Greed and Fear Index.
We should wait and see what this candle does over the rest of the day for more clarity. I'm still bias bull especially with the upcoming halving and BTC's erratic mood lately. Probably best to stay out of the way.
