BTC UPDATE

On the 15 minutes time frame of BTC/USD a bullish divergence is forming where the price is forming lower lows and the RSI indicator is forming higher lows. I'm expecting a little bounce off that range but overall I'm still not taking long positions because I'm not yet bullish on BTC my analysis is that we might see a bounce but we haven't bottomed yet and heavy entry I'm looking to take is n the 17k range that target might take months or weeks but I think that's a great price we might see lower but not much lower however as I said many times before for me to turn bullish on BTC I need to see a daily and probably a weekly close above 40k.