Bitcoin entered the negative zone on the 4-hour timeframe, which means the negativity has increased!
After Bitcoin entered the negative zone, a bearish scenario began, and that's exactly what happened. Bitcoin reached the first bearish zone, the golden zone at 1.414 Fibre - 1.272 Fibre! It currently represents the strongest support.
However, there is still an additional target for the negative zone at $99,677, which is the 2 Fibre level and is also considered the final target!
However, this target is not yet activated and requires a breakout of the golden zone to reach it!
On the daily timeframe, the chart is still positive and there is no change to the plan! But the question is, when can we expect a rebound on the short timeframe?