Candles perspective – monthly: if today $BTC closes below 45008, it will form a Tower Top, one of the strongest bearish reversal combos. If it closes below 8 EMA line (~38200) , the bearish odds will be even higher.
The RSI and MACD and a few other indicators seem to be very bearish so far. Do you believe $BTC can rally ~22% in the next 10 hours to level the odds? Everything is possible, but…
More about this in the monthly analysis later tonight.
Follow the blog @InvestingAngles or subscribe by email.