BTC: WATERSHED MOMENT
TLDR:
. A possible hidden bear divergence at critical resistance.
. CPI release might drive the price all the way up to the golden pocket above.
. Reclaim the range low with consolidation after breaking above the diagnol, and then range low will be a decent bid.
. Close the current candle below the golden pocket down below (white) and new lows are likely.
. Hands-off for now and waiting for this candle close to determine the possibilities ahead.
. A possible hidden bear divergence at critical resistance.
. CPI release might drive the price all the way up to the golden pocket above.
. Reclaim the range low with consolidation after breaking above the diagnol, and then range low will be a decent bid.
. Close the current candle below the golden pocket down below (white) and new lows are likely.
. Hands-off for now and waiting for this candle close to determine the possibilities ahead.
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