Bitcoin — Excitement Faded Quickly.
Looks like we had a short-lived hype today.
• 1H trend already turned bearish again
• 4H trend neutral (soon bearish) but nasty bearish engulfing in the making
• Bulls didn't even reach 61,5k
• Volume on the current red 4H candle already engulfs the volume of almost all green candles — and we have 2 hours to go.
Summarized, it doesn't look too good. Closed my short-term long with a 2% profit. Suppose a 58k break, and I might go for another short.
Let's see...
