$BTC

After breaking down, we have completed our pullback!!!

Therefore, I am going short now!!

But let's see how the indicators look on our important 4-hour chart.

MACD: The negative momentum is decreasing, but it is still not bullish.

RSI: We are at 47 points, which means we can go in either direction.

20, 50, and 100 EMA: All three are bearish.

Now let's move to my technical analysis:

Imbalances: Down to 85k, everything is filled with fair value gaps. This is bad for the price.

Order Blocks: The bearish order block is at 112k and the next bullish order block is at 94k.

Support and Resistance: Support is at 97k and resistance is at 110k.

I hope you enjoyed my analysis!!

And remember, don't miss this short trade!!