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$BTC 4Hr Cup & Handle Fakeout + 200MA Retest 🔥
Pink cup & handle breached upside.
Price tagged green Adam & Eve trigger line then got rejected.
Lost 1/2/3hr 200MAs.
Now testing 4hr 200MA support at $63,063. Its important that line decides the narrative.
Bulls need 4hr closes above it to push back toward the green hashed trigger.
Still a shot for bulls, but bears have the edge rn.
Don’t sleep on the 2-week bullish divergence (same signal marked the last bear market bottom).
Targets if reclaimed:
1) $72,404
2) $75,416
(Completes pink bear flag retest)
Only a break back above $82,882 flips the bigger structure.
Structure over smoke.
NFA, DYOR ⚠️
#Crypto #Trading #BTC