🟠BTC 4H

It's time to update the picture for you.

As I mentioned in the last analysis, we expected a move down (which happened), followed by a good rise (not exactly, but it happened).

So why not exactly?

The thing is, we bounced off the level I indicated but couldn't break through the resistance that was between my zones. I knew there would be a seller's reaction there, but I was confident that the buyer would handle the pressure on the price.

In reality, this was quite logical, as the market doesn't particularly like to draw simple structures.

It needs to shake things up a bit, add some nerves, after which people will start closing positions at a loss, making emotional decisions — classic behavior.

So what to expect now?

I think the bounce is very close.

It seems to me that Bitcoin will continue to be capricious for a bit longer, then either reverse or squeeze once more, dragging altcoins with it to scare people more, but it will still reverse afterwards.

I don't think we'll go below 64,000.

🤔Am I worried?

My spot positions have dropped. I'm holding long positions and not stressing out because algo, for example, is hedging everything with shorts.

Yes, currently with a small volume, but it will be able to scale up well in case of a drop.

I'll tell you more about one of my strategies a bit later, so stay tuned.