The 4-hour trend of BTC doesn't look optimistic. It's only rebounded a little, and the bulls are starting to slow down. Let's see how tonight goes.
If it can't pull up tonight and the 4-hour chart forms a death cross, the daily chart might also form a death cross. A daily death cross is a situation worth being cautious about.
However, even if there is a death cross, it's not particularly bad; it just means that the short-term might lack upward momentum. Perhaps it will need to go to 64k to 'kill' those who are shorting, in order to gain upward momentum.
If the daily death cross breaks below 64k, that could be quite a dangerous signal.
