I am still observing BTC on the 4H frame. The price is moving within a narrowing triangle pattern and is currently testing the lower trendline.

Actually, this section is a decisive area. If it breaks down, BTC is likely to drop further to around 102k - 100k, or even deeper.

On the other hand, if it holds and there is buying pressure pushing it up, it might retrace back to the range of 106k5 - 107k5.

MACD is still bad, RSI is in the middle. No need to rush into anything. Just stand aside and observe the price reaction more.

Entering too early can easily lead to getting trapped. Entering later but with certainty is still better.

In summary: Stay alert. Wait for a clear signal before putting in money.#GENIUSActPass #DAOBaseAIBinanceTGE