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Hmmm. Mid week pause in momentum?
If we are maintaining the daily bear trend, we are now in the first resistance area that price could reverse for downside
Ltf - bit of a bear flag developing (accumulation vs the trend = continuation)
That’s currently following the first squiggly level i drew on a week ago.
Break the flag and we invalidate to pump to and test $98-102k
Daily stoch rsi entering into oversold = IF bear trend stays intact, it is will be forming a local high.
IF we are actually bottomed, it’s a leading indicator for higher.
I think bear trend stays intact, but stoch could hang in oversold for a few days with a pump to $98k. We’ll see!