As I mentioned in my previous post, BTC has been struggling around 43k region which is a new resistance level.
In 3 days timeframe, we can see that TSI bearish cross is initiating. By today, if BTC can't break back above 43.5 to 44k region, short-term bearish trend will continue.
Just be aware of some fake out. In renko daily, as I mentioned in my previous post, bearish reversal and 2nd time bearish divergence just started to form. Be cautious if u are too bullish.
Previous analysis:
In 3 days timeframe, we can see that TSI bearish cross is initiating. By today, if BTC can't break back above 43.5 to 44k region, short-term bearish trend will continue.
Just be aware of some fake out. In renko daily, as I mentioned in my previous post, bearish reversal and 2nd time bearish divergence just started to form. Be cautious if u are too bullish.
Previous analysis:
