BTCUSD Futures ( BTCUSD ), H4 Potential for Bearish Drop
Title: BTCUSD Futures ( BTCUSD ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 23563.5
Pivot: 22761.0
Support: 21416.5
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to drop from the pivot at 22761.0 and continue heading down towards the overlap support at 21416.5.
Alternative scenario: Price may head back up towards the resistance line at 23563.5 where the recent swing high is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 23563.5
Pivot: 22761.0
Support: 21416.5
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to drop from the pivot at 22761.0 and continue heading down towards the overlap support at 21416.5.
Alternative scenario: Price may head back up towards the resistance line at 23563.5 where the recent swing high is.
Fundamentals: There are no major news.
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