Bitcoin: Daily Fractal Repeats Low Sweep
Trader Tardigrade notes that Bitcoin's daily chart continues repeating a fractal structure of range formation, low sweeps, smaller range builds and sharp reversals, with the pattern having already played out twice as price sweeps the lows again.
SourceAnalysis
Bitcoin continues repeating the same daily rhythm according to @TATrader_Alan. Range forms, price rolls over and sweeps the floor, a smaller range builds right below, then another dip into support followed by reversal and a sharp leg up. This structure has played out twice already, and price just swept the lows again.
Bitcoin trades at $81734.55 inside the Bollinger Bands on the 4h chart with the EMA50 at $82366.04 and EMA200 at $82101.5 acting as nearby resistance in a bearish trend. The MACD death cross at -175.97 confirms downside momentum while neutral RSI at 44.51 leaves room for a quick test of the lower band support near $80477.02 before any immediate leg higher materializes.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.