BITCOIN analysis 04/01/2023
- – BTC yesterday when rising to 16770 showed a reversal signal, but then the market only reached 16590. The market is mostly still sideway in the small range around 16000.
- On the H4 timeframe, we can see that around the price zone of 16700, the market has continuously created many retraction candlesticks and failed to overcome this zone, showing that it has created a temporary small barrier here.
- Today, BTC will move to the 16700 area again if there is a reversal signal in the H1 frame (preferably H4), BTC will fall and close the daily candlestick around 16573.