BTC BUY OR SELL?!?!
In my analysis of the 4-hour chart, Bitcoin appears bullish overall; however, a potential retracement is anticipated. The price is currently encountering resistance, and its inability to break through this level suggests a loss of momentum.
Additionally, the MACD indicator is presenting a bearish signal with a downward cross, further supporting the likelihood of a near-term pullback. Thus, there is significant potential for the price to retract before resuming its upward trajectory.
#BTCđ„đ„đ„đ„đ„ #BTC_MARKET_UPDATE #BullorBear" #write2earnđđč #CryptoWatchMay2024
