Crypto Tech & Signals

#BTC | Update (4H) This move to the downside doesn't look finished just yet. We are currently trading below the weekly open. For continuation to the downside, it's important that we reject the weekly open on a revisit if we get one. On the other hand, reclaiming the weekly open would be another confirmation that a higher low is likely in place. Right now, we are ranging around the previous weekly low after sweeping it. These types of ranges at a major low/high usually suggest that momentum hasn't fully exhausted yet, as these ranges are formed when we fail to get enough momentum needed for price to reverse. Therefore, as long as we remain below the weekly open, continuation to the downside remains the higher probability scenario heading into the monthly close.